News Highlights: Top Company News of the Day
December 11 2018 - 3:15PM
Dow Jones News
McDonald's to Trim Antibiotics From Its Beef
The fast-food chain said it will take two years to decide how
much of the antibiotics important to human health it will be able
to remove from its beef supply.
Google CEO Faces Lawmakers Skeptical Over Privacy, Alleged Bias
Sundar Pichai faced tough questions in a first public appearance
before House lawmakers, who are increasingly skeptical of Silicon
Valley giants on issues of privacy and political bias.
Vote Paves Way for Dell to Trade Publicly Again
Dell Technologies is set to begin trading on the New York Stock
Exchange later this month after facing pressure from activist
shareholders and sweetening a buyout offer to investors in its
tracking stock.
Verizon Takes $4.5 Billion Charge Related to Digital Media Business
Verizon Communications is booking a $4.5 billion accounting
charge related to its Oath media business, a sign its bet on
high-profile internet properties and content several years ago
hasn't worked out as expected.
Hain Celestial Settles SEC Charges
The organic and natural products maker has settled charges
brought by the U.S. Securities and Exchange Commission over its
revenue recognition practices, which led to delayed financial
reports.
Tencent Music Readies Its IPO After a Turbulent Process
Tencent Music is set to go public in one of the biggest
U.S.-listed IPOs in recent years, capping a rocky IPO process for
the Chinese music-streaming company.
Huawei's Top Customer in Japan Reassesses Ties
SoftBank is assessing the impact of eliminating less-expensive
Huawei Technologies gear from its Japanese network following a U.S.
campaign to restrict the Chinese company's business in countries
allied with America.
NSA Cyber Chief: Companies Are Losing Ground in the Battle to Protect Data
Rob Joyce, a specialist at the National Security Agency, said
companies' readiness for cybersecurity threats is "getting
worse."
Nissan-Renault Scandal Shows It's Hard to Keep Car Alliances on Track
The white-hot tensions between Nissan and Renault following the
arrest of longtime alliance leader Carlos Ghosn show that it has
never been easy for the global auto industry to make mergers and
partnerships work.
Starwood's Israeli Bond Price Plummets as Mall Values Erode
Starwood Capital Group's 2013 purchase of a group U.S. shopping
malls has been a struggling investment for years. Now, that
portfolio of shopping centers has become a losing bet in Israel,
too.
(END) Dow Jones Newswires
December 11, 2018 15:00 ET (20:00 GMT)
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