News Highlights: Top Company News of the Day
September 24 2019 - 3:15AM
Dow Jones News
Budweiser Brewer Raises $5 Billion in Asian Listing
The Asia business of the world's largest brewer raised about $5
billion in its second attempt at a Hong Kong initial public
offering, just months after it called off a much bigger share
sale.
GM Furloughs More Workers as UAW Strike Continues
A United Auto Workers strike at General Motors is likely headed
into its ninth day, a work stoppage that has led to temporary
layoffs for more than 3,000 GM employees in the U.S. and Canada who
aren't involved in the walkout.
PwC to Pay $8 Million to Settle SEC Charges Over Auditor Independence and Improper Conduct
The allegations of improper conduct were in connection to a
total of 19 engagements with 15 unidentified companies over a
three-year period ending in 2016.
Insurance CEO Took Leave After June Arrest Following Traffic Incident
Blue Cross and Blue Shield of North Carolina Chief Executive
Patrick Conway went on leave after he was arrested in June in the
wake of an allegedly alcohol-related traffic accident, according to
the company and the state's top insurance regulator.
Overstock Shares Fall 25%
Shares of Overstock.com Inc. continued their wild ride Monday,
slumping to a three-month low, after the online surplus-goods
retailer announced the departure of another key executive and cut
its earnings guidance
Marks & Spencer CFO to Depart Amid Cost-Saving Effort at U.K. Retailer
The finance chief of British retailer Marks & Spencer is
leaving after just over a year in the role, a move that comes in
the middle of a turnaround effort.
Federal Prosecutors Conducting Criminal Probe of Juul
Federal prosecutors in California are conducting a criminal
probe into e-cigarette maker Juul Labs, according to people
familiar with the matter, escalating law-enforcement scrutiny of
the startup.
TechnipFMC Agrees to Pay $5.1 Million in Foreign Bribery Case
TechnipFMC, a U.K.-based oil-and-gas services company, agreed to
pay $5.1 million to settle foreign bribery charges and improve its
compliance procedures under a deal with the U.S. securities
regulator.
Citadel's Griffin Reaps Windfall From Company's Bond Sale
The management company of the hedge-fund giant founded by
Kenneth Griffin sold $500 million in investment-grade bonds earlier
this month to fund a dividend to its owners.
Credit Suisse Launches Probe Into Its Surveillance of Top Executive
Credit Suisse launched an investigation into its surveillance of
a departing top executive who is joining crosstown rival UBS, after
the executive filed a report with Zurich police.
(END) Dow Jones Newswires
September 24, 2019 03:00 ET (07:00 GMT)
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