News Highlights: Top Company News of the Day
June 20 2019 - 1:15AM
Dow Jones News
Fed, Congress Promise Scrutiny of Facebook Cryptocurrency
The social network began to learn how Washington will check its
push into digital currencies, with leaders of the Federal Reserve
and an influential Senate committee saying they will scrutinize its
rollout.
FTC Approves UnitedHealth's $4.3 Billion Purchase of DaVita Physicians Group
The regulator requires DaVita to sell its practice serving the
Las Vegas area to a Utah firm.
Slack's Reference Price Set at $26 in Direct Listing
Slack Technologies is set to make its trading debut Thursday on
the New York Stock Exchange at a valuation of about $15.7 billion,
the second major company to go public through a so-called direct
listing.
Union Pacific Says Uncertainty, Harsh Weather Driving Down Rail Shipments
"We're down about 4%," tracking with declines across the broader
industry, Union Pacific Chief Executive Lance Fritz said in an
interview Wednesday.
Oracle's Revenue Beats Targets in Latest Quarter
Oracle reported stronger-than-expected sales and beat profit
targets for its latest quarter as the business-software giant's
fast-growing new businesses offset declining old ones.
PG&E Retires Power Line Blamed for California's Deadliest Wildfire
PG&E has permanently retired the high-voltage power line
that sparked the deadliest wildfire in California's history after
detailed inspections revealed serious problems on that transmission
line and others.
Adidas Told Three Stripes Aren't Enough for a Trademark
Europe's second highest court ruled on Wednesday that the German
sportswear giant's iconic branding didn't qualify.
U.S. Levies Sanctions Against Russian Bank
Wednesday's action against the Moscow-based Russian Financial
Society stemmed from accusations it aided North Korea by opening
accounts for blacklisted entities.
American Airlines Orders 50 Airbus Jets, in Blow to Boeing
American Airlines agreed to buy 50 long-range, single-aisle jets
from Airbus-a big order for a new plane that leaves rival Boeing
behind in a new race to dominate a potentially promising market for
midsize aircraft.
Tapestry's New CFO Pick Signals Shift Toward Operations Focus
Joanne Crevoiserat will become Tapestry's CFO in August after
serving for 2 1/2 years as COO of Abercrombie & Fitch Co.
Tapestry, the New York-based handbag and accessories company that
owns the Coach, Stuart Weitzman and Kate Spade brands, announced
the appointment Wednesday.
(END) Dow Jones Newswires
June 20, 2019 01:00 ET (05:00 GMT)
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