News Highlights: Top Company News of the Day
December 16 2018 - 11:15PM
Dow Jones News
Boeing Flies Close to Trade Tussle With New Facility in China
Boeing opened a new Chinese production facility, as the American
aviation company tries to cater to its top export market while
steering clear of the tensions battering U.S.-China relations.
Amazon Targets Unprofitable Items, With a Sharper Focus on the Bottom Line
Amazon.com has trained people to buy everything online. Now it
is having second thoughts about some of those sales because they
don't make money-and is pushing big brands to change how they use
its site.
Bruce Springsteen, Taylor Swift Tours Head for Netflix Encore
The concert films from Bruce Springsteen's Broadway residency
and Taylor Swift's stadium tour across the U.S.-two of the hottest
tickets of 2018-are headed for Netflix.
Renault Urges Nissan to Call for Shareholder Meeting
French auto maker Renault has urged Nissan Motor to call a
meeting of its shareholders after the Japanese company and its
former chairman, Carlos Ghosn, were indicted on allegations of
financial misconduct.
The Fall of the House of Ghosn
Not everybody at Nissan was happy with their rock-star chairman,
Carlos Ghosn. His high-living ways gave the company ammunition to
take him down.
Glencore-Controlled Miner to Be Fined by Canadian Authorities Over Congo Ops
A Glencore-controlled mining company and some of its current and
former directors and executives have agreed to pay more than $22
million to settle Canadian allegations that they hid the risks of
doing business with an Israeli businessman closely linked to
Congolese President Joseph Kabila.
How Many More Tears at Johnson & Johnson?
Investors hate uncertainty, goes the old Wall Street cliché. The
saying is especially apt when a blue-chip stock known for being a
safe investment suddenly becomes a source of worry.
Top Wynn Resorts Executive to Leave
A top executive at Wynn Resorts who had been accused of enabling
alleged sexual misconduct by former Chief Executive Steve Wynn is
leaving the company.
XPO Logistics Delivers a Roller-Coaster Ride to Wall Street
The freight and logistics company on Friday announced its
first-ever stock buyback, a $1 billion share purchase program that
could shore up a stock that has lost nearly half its value this
year and would signal confidence to investors who are already
jittery as this year's hot freight market shows signs of
cooling.
Neiman Marcus Asks Court to Dismiss Lawsuit by Bondholder Marble Ridge
Neiman Marcus filed a counter lawsuit against bondholder Marble
Ridge Capital, accusing it of spreading false statements about the
company, and asked the court to dismiss the investment firm's
lawsuit.
(END) Dow Jones Newswires
December 16, 2018 23:00 ET (04:00 GMT)
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