News Highlights: Top Company News of the Day
November 22 2018 - 5:30AM
Dow Jones News
Nissan Board to Vote on Driving Out Carlos Ghosn
Nissan Motor's board was set to meet Thursday to vote on the
ouster of Chairman Carlos Ghosn and representative director Greg
Kelly, both of whom the company accuses of financial
misconduct.
Not So Big in Japan: Apple Cuts Price of iPhone XR to Boost Sales
Less than a month after releasing the iPhone XR, Apple is moving
to offer subsidies to mobile-network operators in Japan to shore up
sales of its least expensive new smartphone.
Chairman Who? A Chinese Company Tries to Forget Its Past
China Huarong Asset Management, the largest of the country's
so-called 'bad banks' responsible for buying up lenders' soured
loans, is keen to wipe out memories of its former Chairman Lai
Xiaomin.
Natural High: Gas Sellers Spared From China's Market Slump
China's big gas distributors are among the few stock-market
winners this year, despite higher fuel prices' cutting into profit
margins.
Regulators Seek Clarity on Boeing 737 Safety Systems After Lion Air Crash
U.S. regulators are pressing for clarity on automated
flight-control systems in Boeing's latest 737 models, as they seek
to address inconsistencies in how airlines have informed pilots
about one of the features.
Half of Jobs at Amazon's Two New Headquarters Won't Be Tech Positions
Ghosn's 'Inside Man,' Jailed in Japan, Quietly Wielded Power 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.K. Cafe Chain's Audits Come Under Scrutiny
A U.K. regulator launched an investigation into Grant Thornton's
audits of Patisserie Holdings' financial statements following the
discovery of accounting irregularities.
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.
Standard Chartered's New York Branch Compliance Monitoring to End
A compliance monitor for Standard Chartered's New York branch,
put in place following settlements concerning sanctions and
money-laundering failures, will no longer be required after Dec.
31.
(END) Dow Jones Newswires
November 22, 2018 05:15 ET (10:15 GMT)
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