News Highlights: Top Company News of the Day
December 10 2018 - 3:15AM
Dow Jones News
Australia Looks to Rein in Power of Facebook and Google
Australia's antitrust regulator called for measures to curb the
influence of Facebook and Google in news and advertising and warned
that a tech-sector watchdog may be needed to prevent abuses of
power.
Elon Musk Lobs New Criticism at SEC
The Tesla CEO, in a "60 Minutes" interview, said he doesn't
respect the federal agency and that his use of Twitter could still
lead to mistakes.
GM Bids Farewell to Its Breakthrough Electric Car
The Chevrolet Volt is headed to the scrap heap, but during its
decade on the market the electric vehicle reflected the strengths
and weaknesses of General Motors and auto making in Detroit.
Nissan, Ghosn Charged With Underreporting His Compensation
Japanese prosecutors indicted Nissan Motor and former Chairman
Carlos Ghosn on charges of underreporting his compensation on five
years' of company financial reports.
Struggling Gilead Taps Roche Executive as New CEO
Gilead Sciences has hired industry veteran Daniel O'Day to take
the helm and help the drug company revive sales and recover from a
disappointing deal.
Two British Banks Ensnared in Huawei Dispute
Two large British banks are among those ensnared in the
controversy over Huawei Technologies. The dispute escalated over
the weekend after the Chinese government warned Canada it would
face "severe consequences" if it didn't release the Chinese telecom
giant's finance chief.
Uber-Lyft Showdown Shifts to Public Markets
The race between Uber and Lyft to go public next year promises
to extend their rivalry for customers to competition for global
investors.
E-Commerce Companies Get Creative in Quest for 'Last Mile' Space
From tents on vacant suburban lots to a parking garage converted
for package handling underneath Chicago's Millennium Park,
companies are getting creative in the race to get goods to
consumers this holiday season.
Longtime Yelp Shareholder Seeks Board Overhaul
Longtime Yelp shareholder SQN Investors says years of missteps
are weighing on the business-review company's stock price and plans
to publicly push it to add new board members.
Rice Brothers Frustrated With EQT's Operations
Two of the brothers who sold Rice Energy to EQT last year say
the $4.7 billion oil-and-gas company is mismanaging its assets, and
they want to take over running the company.
(END) Dow Jones Newswires
December 10, 2018 03:00 ET (08:00 GMT)
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