News Highlights: Top Company News of the Day
November 21 2018 - 3:15PM
Dow Jones News
Half of New Amazon Jobs in New York Won't Be Tech Positions
Only half of the positions that Amazon has promised to bring to
its new headquarters in Long Island City, Queens, will be tech
jobs, New York City officials said.
Ghosn's 'Inside Man,' Jailed in Japan, Quietly Wielded Clout at Nissan
Greg Kelly, the Nissan board member and former executive jailed
with Carlos Ghosn in Japan, was well-known inside the company as a
gatekeeper and confidant to the former CEO.
U.S. Weighs Inviting German Auto CEOs to White House to Press for More U.S. Production
The Trump administration is considering inviting the CEOs of
Germany's three largest car makers to the White House amid growing
impatience in Washington at the slow pace of trade talks with the
EU.
Abu Dhabi Fund Sues Goldman Sachs Over 1MDB Scandal
An Abu Dhabi sovereign-wealth fund accused Goldman Sachs of
playing a "central role" in an international corruption scandal,
saying it enabled bribes to former top executives at the fund.
Amazon Glitch Exposes Customer Names, Email Addresses
Amazon.com warned some customers that its website disclosed
their names and email addresses as a result of a technical
error.
IKEA to Slash Thousands of Jobs in Restructuring
IKEA, in its most dramatic restructuring ever, is slashing
thousands of jobs and creating new ones as the furniture giant
scrambles to cope with fast-changing shopper behavior that has
hammered brick-and mortar retailers globally.
How Deutsche Bank is Dealing With its Big Weakness
Deutsche Bank stock got hit again this week for its links to the
vast money laundering probe at Danish lender Danske Bank. What
investors didn't notice was the German bank quietly getting on with
a critical bit of its repair job: sorting out its funding.
New Airbus CFO to Face Volatile Cash Flow, Brexit Issues
Airbus's new finance chief will start his role as the aerospace
giant is struggling to stabilize its volatile cash flow and faces
potential working capital headwinds from supply-chain disruptions
linked to Brexit.
Why Christmas Will be Very Weird for Retailers
Retailers will have a good Christmas in 2018. But factors such
as rising inventory, tariffs and higher labor costs will drive
stock performance through the holidays and into next year.
Deere's Profit Rises, Helped by Stronger Machinery Sales
Deere said sales and profits in the latest period were lifted by
demand in its construction and farming markets.
(END) Dow Jones Newswires
November 21, 2018 15:00 ET (20:00 GMT)
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