News Highlights: Top Company News of the Day
September 18 2019 - 01:30PM
Dow Jones News
FedEx Shares Plummet Following Dismal Results
FedEx Corp. shares plunged the most in a decade after the
company's global Express business showed its vulnerability to
global trade disruptions.
Creditor Group Dismayed by Cash Burn Wants 'Old Sears' to Liquidate
A group of Sears Holdings Corp.'s creditors say the remaining
part of the retailer's estate left behind in bankruptcy is so low
on cash that it should be liquidated under chapter 7.
Juul Faces Subpoena Threat Over Documents
The leader of a House subcommittee investigating Juul Labs says
the e-cigarette maker hasn't turned over documents it requested and
warned that the committee could issue a subpoena demanding
them.
Facebook Jumps on the Streaming Bandwagon With New Portal Device
Facebook is getting into the streaming game, launching a new
set-top version of its Portal device that adds to the company's bet
that the future of smart homes will be social.
Startup Aims to Unlock Drug Discovery With Machine Learning
Seed investors are backing a startup that sees machine learning
as the key to enabling drugs to be aimed at molecular targets that
have long been thought to be out of pharmaceutical companies'
reach.
Stale Snack-Bar Sales Hurt General Mills
General Mills extended its sales slump after seeing poor demand
for brands including Yoplait yogurt and Nature Valley bars.
Huawei Suspended From International Cybersecurity Forum After U.S. Ban
Huawei Technologies has been suspended from membership in a
global trade group of companies, governments and experts set up to
tackle computer security breaches.
Google, Facebook Cozy Up to Publishers as Regulators Circle
Tech giants are making concessions long sought by news
publishers whose business has been hurt by the platforms'
dominance, moves some see as an effort to pre-empt potential
regulatory backlash.
Need a Loan? Equifax Plans to Sell More Utility, Phone Records
Equifax will soon give consumers the option to let lenders
review their electric, phone and cable payment information, a move
aimed at providing lenders more data to determine whether to
approve loan applicants.
GM's Big Fight for Flexibility
Following its bankruptcy and government bailout in 2009, General
Motors is under intense pressure to show it can cruise through the
next downturn without too much damage.
(END) Dow Jones Newswires
September 18, 2019 13:15 ET (17:15 GMT)
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