News Highlights: Top Company News of the Day
December 16 2018 - 9:30PM
Dow Jones News
At Gathering of Spy Chiefs, U.S., Allies Agreed to Contain Huawei
Spy chiefs from the West's most powerful intelligence alliance
agreed in a July meeting in Canada they needed to contain Huawei
Technologies Co.
Facebook Bug Exposed Users' Unshared Photos
Facebook said unshared pictures of up to 6.8 million users may
have been exposed by a software issue that granted app developers
access to the photos, the latest in a series of privacy snafus at
the social-media company.
AT&T Names TV Veteran as Creative Head of Streaming Service
AT&T's WarnerMedia has tapped veteran programming executive
Kevin Reilly to oversee the creative strategy of its consumer
streaming service, scheduled to launch in late 2019 amid tight
competition from Netflix.
GM Says 2,700 Workers Slated for Layoffs Can Transfer
General Motors said it would be adding about 2,700 workers at
factories in Michigan, Texas and other states starting next year
and some of the 6,700 workers who will be out of work when GM idles
five factories in the U.S. and Canada are eligible to move to those
plants.
U.S. Sues Freight Carrier YRC Over Military Shipments
The Justice Department is suing a major U.S. freight carrier,
alleging that trucking units of YRC Worldwide overcharged the
Pentagon millions of dollars for shipping over several years.
Tencent's Roster of IPOs Doesn't Live Up to the Hype
Tencent Holdings, one of China's most influential companies, is
also one of the most active technology investors, backing some of
the world's biggest initial public offerings. But the technology
giant's support doesn't make these deals a sure thing for
investors.
GE to Explore Replacing KPMG as Auditor
GE plans to solicit bids for an independent auditor after the
conglomerate revealed accounting issues earlier this year. Although
GE is keeping KPMG as its auditor for 2019, the process could mean
KPMG could lose a relationship it has held for more than a
century.
Tesla Sells $837 Million of Auto-Lease Bonds
A sale of car-lease debt from Tesla is the latest test for the
electric car-maker after surviving high-profile missteps to achieve
a record quarterly profit.
CBS to Donate Part of Leslie Moonves's Exit Pay
The company said it would give $20 million to 18 organizations
dedicated to eliminating workplace sexual harassment, a commitment
it made after Mr. Moonves's resignation.
Adobe's Price of Growth
The cloud software maker's recent acquisitions are weighing on
its projected earnings in the near term, but analysts expect the
impact to be short-lived.
(END) Dow Jones Newswires
December 16, 2018 21:15 ET (02:15 GMT)
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