News Highlights: Top Company News of the Day
October 14 2019 - 1:30PM
Dow Jones News
Facebook's Currency Already Was Devalued
The social network's image problem tarnished libra's coin from
the start.
Saks Owner Joining Authentic Brands in Bid for Barneys
Saks Fifth Avenue's parent company has teamed up with the owner
of Sports Illustrated, Authentic Brands, on a nearly $270 million
bid for Barneys that would have Saks take over the bankrupt
retailer's website.
Boeing's New Chairman Is a Boardroom Force Familiar With Crises
Boeing's boardroom shakeup puts David Calhoun, a powerful
behind-the-scenes figure, in position to control the aerospace
giant's response to the 737 MAX crisis, one of the most fraught
episodes in the company's history.
SoftBank Seeks WeWork Control Via 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.
Johnson & Johnson's Legal Challenges Mount
Johnson & Johnson, facing lawsuits from more than 100,000
plaintiffs over its product safety and marketing tactics, has taken
the aggressive strategy of battling many of the cases in court.
Deere Ramps Up Leases as Sales Slow
Deere is spending billions of dollars annually to buy its own
equipment for a leasing program, which lifts sales of new farm
tractors and construction machinery, but adds financial complexity
and weighs on the used-equipment market.
Meredith to Launch Magazine Built Around HGTV's 'Property Brothers'
Meredith is betting the same playbook that made Magnolia Journal
its most successful magazine launch will work for a new title
featuring Drew and Jonathan Scott, the hosts of the HGTV series
"Property Brothers."
Netflix May Take an Extended Intermission
Coming results won't settle the question of longer-term
competition, which could impede recovery for the battered
stock.
Total to Buy Stake In India's Adani Gas
Total has agreed to acquire a 37.4% stake in India's Adani Gas
as the French oil-and-gas major looks to expand its footprint in
the energy-hungry South Asian nation.
Silicon Valley Takes On Amazon's Cashierless 'Go' Stores
Tech startups are challenging the cashierless checkout at Amazon
Go stores with their own systems-and are already pitching them to
retailers as smarter than partnering with Amazon.com.
(END) Dow Jones Newswires
October 14, 2019 13:15 ET (17:15 GMT)
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