News Highlights: Top Company News of the Day
December 17 2018 - 9:15AM
Dow Jones News
Jack in the Box Explores Selling Itself
Fast-food chain Jack in the Box is looking at strategic
alternatives and has talked to buyers about a potential sale.
Credit Cards Won't Save Airlines From the Next Downturn
There is a dirty secret behind the record profitability of U.S.
airlines in recent years: Credit-card fees. But these won't be the
hedge against bad times that some investors are hoping for.
Malaysia Files Criminal Charges Against Goldman
Malaysian authorities filed criminal charges against Goldman
Sachs units and a former partner of the bank in connection with the
1MDB financial scandal.
Hitachi to Take On GE With $6.4 Billion Power Deal
Hitachi agreed to acquire a power-grid unit from
Switzerland-based ABB for $6.4 billion, as the Japanese company
beefs up its industrial portfolio against rivals such as General
Electric.
Google Details Major New York Expansion
The search giant is joining Amazon and Apple in growing outside
the West Coast and has announced plans to lease a large office
building in Manhattan's West Village. Google also plans to invest
$1 billion in the campus, which will also include two nearby
buildings.
Huawei's New Playbook in Washington: Drop PR, Hire Lawyers
The Chinese cellular-technology giant is relying on a team of
recently hired American lawyers to defend itself from an onslaught
of accusations and restrictions emanating from Washington.
Oracle's Cloud Struggles Diminish Expectations
Oracle Corp. is set to report financial results for its fiscal
second quarter after the close of trading Monday. Here is what you
need to know.
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.
Glencore-Related Miner to Be Fined by Canada Over Congo Ops
A Glencore-controlled mining company and some of its current and
former executives have agreed to pay more than $22 million to
settle allegations that they hid the risks of doing business with
an Israeli businessman closely linked to Congolese President
Kabila.
(END) Dow Jones Newswires
December 17, 2018 09:00 ET (14:00 GMT)
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