News Highlights: Top Company News of the Day
January 23 2019 - 11:30PM
Dow Jones News
U.S. Believes It Doesn't Need to Show 'Proof' Huawei Is a Spy Threat
The chairman of Huawei pushed back against claims his company
conducts espionage for the Chinese government. But the U.S. says
that Huawei's very structure makes the company a potential tool for
espionage and thus a security threat.
BuzzFeed to Cut 15% of Its Workforce
BuzzFeed is planning to lay off about 15% of its workforce, as
the company seeks to reorient itself in a shifting digital-media
landscape.
Advocacy Groups Urge FTC to Pursue Facebook Breakup
Several advocacy groups are urging the FTC to seek a breakup of
Facebook as the agency weighs possible penalties against the social
media company for privacy violations.
Hydro One and Avista Terminate Deal
Hydro One has terminated its planned purchase of Avista after
the deal encountered multiple regulatory setbacks in the U.S.
Vertex Pharmaceuticals Fires Executive for Conduct Violation
Vertex Pharmaceuticals Inc. said Wednesday that it fired a
high-ranking executive for unspecified personal behavior that
violated the drugmaker's code of conduct.
Ford Swings to a Loss, Misses Analysts' Profit Estimates
Ford's fourth-quarter operating income dropped 28% amid
worsening losses in China and Europe, underscoring the pressure on
the auto maker's stout U.S. business as Chief Executive Jim Hackett
tries to revitalize the company.
Biotech Firm Files to Go Public With Workaround Amid IPO Freeze
Gossamer Bio has filed to go public using a rare workaround that
would let it wriggle into the public markets in the midst of the
government shutdown, and an energy company is likely to make the
same move soon.
Verizon To Lay Off 7% of Media Group Staff
Verizon Communications Inc.'s beleaguered media group is laying
off 7% of its staff and is focusing on fewer areas to revive its
fortunes, according to people familiar with the matter.
Einhorn's Greenlight Hit by Investor Redemptions
Billionaire hedge-fund manager 's Inc. faced a wave of
redemptions in recent months, pushing his assets below $3
billion.
All American Oil & Gas Proposes Sale to Lender
All American Oil & Gas Inc., blaming the recent drop in
energy prices, has negotiated a purchase offer with its biggest
lender instead of using the bankruptcy process to reorganize under
its existing owners.
(END) Dow Jones Newswires
January 23, 2019 23:15 ET (04:15 GMT)
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