News Highlights: Top Company News of the Day
October 13 2019 - 9:30PM
Dow Jones News
SoftBank Seeking to Take Control of WeWork Through Financing Package
SoftBank has prepared a financing package that would give it
control of WeWork and further sideline its founder Adam Neumann in
exchange for relieving the shared-office startup's looming cash
crunch, according to people familiar with the matter.
Sears Hasn't Fared Better After Bankruptcy
Sears's bankruptcy filing was supposed to give the troubled
retailer a fresh start. But a year later, the chain is still
struggling with many of the same problems it faced before it sought
court protection.
UAW Increases Strike Pay for GM Factory Workers
The UAW said GM workers on the picket line will see weekly
strike pay increase to $275 from $250, a sign the union is
preparing to extend a nearly monthlong walkout.
FAA, Boeing Criticized for Oversights in MAX's Design
An international panel of experts said inadequate U.S. safety
oversight, combined with Boeing's failure to properly assess and
communicate important design changes, contributed to two fatal
crashes of the company's 737 MAX aircraft.
Zillow Still Looks Like a Fixer-Upper
Zillow's shares look as discounted as the fees on the homes
Zillow is selling, but they still may not find many motivated
buyers.
Citibank Fined $30 Million in Real-Estate Holding Rules Case
A U.S. banking regulator has fined an arm of Citigroup $30
million, saying it violated holding period regulations on
foreclosed real estate.
Mastercard, Visa, eBay Drop Out of Facebook's Libra Payments Network
The biggest financial companies recruited by Facebook to launch
a cryptocurrency-based payments network have backed out of the
project, threatening to derail an ambitious initiative to remake
global finance.
Barneys Bankruptcy Lenders Extend Bid Deadline Until Tuesday
Barneys New York's lenders extended until Tuesday a deadline for
the luxury retailer to clinch an offer from a buyer.
Reynolds Files for FDA Review of Vuse E-Cigarettes
Tobacco giant Reynolds submitted an application for some of its
Vuse e-cigarettes to the FDA,seeking permission to keep its vaping
products on the market.
Fox News Anchor Shepard Smith Steps Down After 23 Years on the Air
Fox News Channel anchor Shepard Smith is leaving the network he
has been a part of since it launched in 1996.
(END) Dow Jones Newswires
October 13, 2019 21:15 ET (01:15 GMT)
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