News Highlights: Top Company News of the Day
September 17 2019 - 9:30PM
Dow Jones News
GM, Union Clash Over Temp Workers
As a nationwide strike at General Motors closes out its second
day, the company's use of temporary workers has emerged as a key
bargaining issue as the United Auto Workers union negotiates a new
labor contract.
FedEx Hit by Trade Tensions and Split With Amazon
The delivery giant lowered its outlook for the year and is
taking more cost-cutting steps, sending its shares down sharply in
after-hours trading.
Providence Equity Closes Eighth Flagship Fund Above $6 Billion
Fundraising for the vehicle, Providence Equity Partners VIII LP,
closed on Sept. 5 above its $5 billion target, according to a memo
to investors viewed by The Wall Street Journal.
Facebook Forms Independent Board for Content
An independent board will have the ability to review and
potentially overturn content-moderation decisions, Facebook said.
The move allows outsiders to oversee some of the thorniest issues
the company has faced in recent years.
Brazil Police to Announce First Criminal Charges Over Vale Dam Collapse
Brazilian police are set to announce the first criminal charges
against employees of mining giant Vale and German safety inspector
TÜV SÜD over the deadly collapse of a mine-waste dam in
January.
Calpers Switches Developers for Sacramento Project
California's public worker pension system picked Houston-based
Hines to take over a beleaguered real-estate project in its
hometown of Sacramento.
Streaming War Spurs Classic-TV Arms Race
Entertainment heavyweights have spent over $2 billion on classic
television shows in recent weeks, in an effort to win over
streaming customers who soon will have many more options to choose
from.
Netflix Pays for Serenity Now
The media company has acquired five years of global streaming
rights to NBC's hit series "Seinfeld." Is Netflix crazy, or is it
so sane that you just blew your mind?
Chewy Raises Annual Revenue Guidance
The online pet-products retailer reported a wider-than-expected
quarterly loss.
Juul's Sales Halted in China, Days After Launch
Sales by e-cigarette maker Juul Labs have been halted in China,
days after the startup launched its products in the world's biggest
tobacco market.
(END) Dow Jones Newswires
September 17, 2019 21:15 ET (01:15 GMT)
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