News Highlights: Top Company News of the Day
November 21 2018 - 5:30AM
Dow Jones News
Facebook's Zuckerberg Says He Has No Plans to Step Down as Chairman
Facebook CEO Mark Zuckerberg pushed back against calls for him
to step down as chairman and said he hoped to continue working with
his longtime chief operating officer, Sheryl Sandberg, in a TV
interview.
Gap Looking to Close Hundreds of Weaker Stores
Gap Inc. said it is exploring whether to close hundreds of
underperforming stores at its namesake brand, after the unit
reported a 7% decline in quarterly comparable sales.
Ghosn's Arrest Rocks Auto Empire
As Carlos Ghosn remained in detention in Japan for alleged
financial misconduct, members of the globe-spanning automotive
partnership he leads moved to make sense of his arrest and fill the
void left by his absence.
Apple in Talks to Give Veterans Access to Electronic Medical Records
Apple is in discussions with the Department of Veterans Affairs
to provide portable electronic health records to military
veterans.
SpaceX Launches First Loan
Elon Musk's SpaceX raised $250 million from its first-ever
high-yield loan sale, shrinking the loan by $500 million after
encountering a mixed reception from investors and worsening
credit-market conditions.
Walgreens, Humana in Preliminary Talks to Take Stakes in Each Other
Walgreens Boots Alliance and Humana are in preliminary
discussions to take equity stakes in each other, as health-industry
players scramble for tie-ups that will help them compete in a
rapidly evolving environment.
Megyn Kelly Nears Deal to Leave NBC News With Entirety of $69 Million Contract
Megyn Kelly is nearing a deal with Comcast Corp.'s NBC News to
walk away with the full value left on her three-year, $69 million
contract with the network, according to people familiar with the
matter.
J.Crew Keeping Former CEO's Core Strategy in Place, J.P. Morgan Says
J.Crew Group will keep its recently departed chief executive's
strategies for the core business in place, while curtailing his
spending plans for new brands, according to J.P. Morgan high yield
analyst Carla Casella.
China's Cosco Puts Long Beach Container Terminal Up for Sale
China's Cosco Shipping Holdings is starting the process of
selling its large container terminal in Long Beach, Calif., a major
gateway for U.S. trade that is expected to bring bids of more than
$1 billion.
FedEx to Add 1,000 Electric Vehicles to Parcel Fleet
FedEx is adding 1,000 electric delivery vans to its fleet, a
move aimed at tamping down emissions in parcel delivery operations
as regulators push to rein in pollution from commercial
vehicles.
(END) Dow Jones Newswires
November 21, 2018 05:15 ET (10:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.