News Highlights: Top Company News of the Day
September 22 2019 - 11:30PM
Dow Jones News
Thomas Cook Enters Compulsory Liquidation
Thomas Cook Group said it has entered into compulsory
liquidation and is now under the control of the official receiver.
The U.K. business has ceased trading with immediate effect and all
bookings, including flights and holidays, have been canceled.
GM Strike Heads Into a Second Week
The strike is already the UAW's longest nationwide walkout at GM
since 1970.
Aramco's Repairs Could Take Months Longer Than Company Anticipates, Contractors Say
Aramco is telling contractors to spare no expense getting
facilities in working order after attacks.
Indonesia to Fault 737 MAX Design, U.S. Oversight in Lion Air Crash Report
Indonesian investigators have determined that design and
oversight lapses played a central role in the fatal crash of a
Boeing 737 MAX jet in October, according to people familiar with
what is expected to be the first formal government finding that the
design and U.S. regulatory approval were flawed.
Some WeWork Board Members Seek to Remove Adam Neumann as CEO
A bloc of WeWork directors is planning to push Adam Neumann to
step down as chief executive after a tumultuous week in which the
startup delayed its IPO.
Deere Turns to U.S. After Growth Stalls Overseas
Deere's incoming chief executive will take charge as the
struggling tractor maker switches course from its sluggish global
expansion to a narrower focus on its home U.S. market.
Unicorns' Pre-IPO Profit Claims Get Scrutinized
Investors are starting to demand profits, or at least profits in
the near future, from richly valued tech companies when they go
public. That has put the spotlight on claims from companies
including Peloton, We Co. and Lyft.
NYSE Owner Launches Long-Awaited Bitcoin Futures
Intercontinental Exchange, the owner of the New York Stock
Exchange, is set to launch its long-delayed market for bitcoin
futures. It is betting that consumers, businesses and Wall Street
will embrace cryptocurrencies.
Juul Tried to Position Itself As a Responsible Actor. It Backfired.
Juul Labs pursued a strategy to win over Washington. But the
e-cigarette maker wound up further alienating regulators, helping
to thrust the once-soaring startup into a crisis that threatens its
future.
One Company Has Filed 10,000 Appeals to Trump's Tariffs
President Trump has said China is paying the cost of tariffs,
but many U.S. importers see them as threats and are racing to seek
exemptions. One such company has filed nearly two-thirds of all
appeals.
(END) Dow Jones Newswires
September 22, 2019 23:15 ET (03:15 GMT)
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