News Highlights: Top Company News of the Day
September 20 2019 - 7:15PM
Dow Jones News
Travel Operator Under Pressure to Raise Additional Funds
Troubled British travel company Thomas Cook Group is under
pressure from lenders to find an additional GBP200 million ($249.5
million) to avoid the collapse of a rescue deal that would see
Chinese conglomerate Fosun International Ltd. inject significant
funds.
GM Furloughs Workers in Canada as Strike Drags On
General Motors has furloughed roughly 2,000 hourly workers at a
plant in Oshawa, Ontario, near Toronto, as the impact of a strike
by the United Auto Workers in the U.S. ripples north.
Facebook Suspends More Apps, Tightens Data Controls
Facebook said it suspended tens of thousands of apps for
violating its rules around accessing and sharing information, a
disclosure that follows the company's record $5 billion fine from
federal regulators in July.
Walmart to Stop Selling All E-Cigarettes
Walmart will stop selling all e-cigarettes in its U.S. stores,
citing regulatory uncertainty around the vaping devices after the
White House announced plans to ban most flavors.
Apple's Challenge for iPhone 11: Halt Sales Slide in China
As Apple's iPhone 11 models went on sale world-wide today, they
face their biggest challenge in China, Apple's second-largest
market, where new cameras and lower prices aim to help stanch sales
declines.
McDermott International Hires Law Firm Kirkland & Ellis to Advise on Restructuring
McDermott International Inc.'s debt talks are heating up with
the struggling engineering firm hiring Kirkland & Ellis LLP to
advise on efforts to restructure its balance sheet, according to
people familiar with the matter.
Commerzbank to Cut Thousands of Jobs as Part of New Strategy
Commerzbank said its management board has submitted a draft of
its new strategy, including thousands of job cuts and restructuring
charges, to its supervisory board.
Google to Invest EUR3 Billion in European Data Centers
Alphabet Inc.'s Google plans to invest EUR3 billion to build
data centers in Europe over the next two years, in a move to up its
sustainability efforts, Chief Executive Sundar Pichai said.
Vanguard Bets on Robo-Only Adviser
Vanguard Group plans to launch a robo-advisory service that cuts
out human financial advisers, aiming to capture younger, tech-savvy
investors.
A 'Grass-Roots' Campaign to Take Down Amazon Is Funded by Amazon's Biggest Rivals
Walmart, Oracle and mall owner Simon Property Group are secret
funders behind a nonprofit that has been highly critical of the
e-commerce giant.
(END) Dow Jones Newswires
September 20, 2019 19:00 ET (23:00 GMT)
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