News Highlights: Top Company News of the Day
September 23 2019 - 11:30AM
Dow Jones News
Snap Detailed Facebook's Aggressive Tactics in 'Project Voldemort' Dossier
Facebook has been Silicon Valley's 800-pound gorilla, squashing
rivals, ripping off their best ideas or buying them outright. But
now the knives are coming out.
Thomas Cook Collapses, Forcing U.K. to Fly Tens of Thousands Home
Thomas Cook Group, the 178-year-old British travel company,
collapsed after failing to conclude a rescue deal with investors
and creditors, forcing the U.K. government to repatriate tens of
thousands of travelers and putting thousands of people out of
work.
China Moves to Increase Oversight of Tech Companies
The eastern Chinese technology hub of Hangzhou will assign
government representatives to work within 100 local companies in a
new indication of the Chinese government's increasingly close
monitoring of private companies.
PG&E Moves Forward With $11 Billion Settlement Plan
PG&E said it has formalized an $11 billion settlement with
insurance companies over wildfire claims.
California Courts Could Set Limit on Uber's Valuation
Under California's bill, ruling drivers as employees would mean
the state's courts interpret Uber's core service to be
transportation, not technology.
IEX Exchange to Exit Listings Business
IEX Group will abandon its struggling listings effort after the
upstart exchange's only listed company decided to jump ship.
Postmates Rolls Out Robots in Los Angeles as It Preps for IPO
On-demand delivery company Postmates Inc., which is preparing to
go public, is launching autonomous robots to deliver food.
Parents, Beware: Nerf's Newest Blasters Won't Fire Knockoff Darts
Hasbro is waging a counterattack against Nerf knockoffs with a
new line of blasters and darts that only work with each other.
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.
What Drove SoftBank's Vision Fund Up Is Dragging It Down
Investors' sudden skepticism toward pricey, profitless tech
companies is threatening SoftBank's Vision Fund, which may take a
hit on some of its biggest investments, including WeWork's
parent.
(END) Dow Jones Newswires
September 23, 2019 11:15 ET (15:15 GMT)
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