News Highlights: Top Company News of the Day
October 15 2019 - 3:15PM
Dow Jones News
WeWork Bonds Fall to New Low
WeWork bonds plumbed new lows, highlighting questions about the
shared-office starup's future as it explores options for raising
cash after shelving an IPO.
Volkswagen Delays Approval for Turkey Plant Following Syria Incursion
Investors and multinationals are weighing Turkey's ability to
weather economic pressure from the West.
Schwab's Growing Cash Absorbs Interest-Rate Impact
Charles Schwab reported record third-quarter earnings that
topped expectations, as growing cash balances helped the e-broker
offset the effect of falling interest rates.
Pinterest Shares Slide as Lockup Expires
Big institutional investors are now free to unload their shares
of the online image-board company, sending the stock down more than
8% this week.
TikTok to Review Content-Moderation Policy After Censorship Accusation
Video-sharing platform TikTok, under fire for allegedly
censoring content to appease China, has hired two former U.S.
lawmakers as part of a team to review its content-moderation
policy.
Germany Won't Ban Huawei from 5G Network
Germany's new draft security requirements for its coming 5G
network specify that suppliers must demonstrate "trustworthiness"
but don't specifically prohibit Huawei Technologies.
GM, UAW Move Closer to Agreement That Would End Strike
GM and the United Auto Workers are nearing a contract deal to
end a 30-day strike at the company's factories with bargainers
moving closer on earlier sticking points and leaders from each side
engaging in high-level talks.
Google's Pixel 4 Phone, Smart Speakers Nod to Hardware Hopes
Google showed off additions to its line of smartphones, wireless
earbuds and smart speakers in its latest attempt to recharge a
lagging segment of its business.
Goldman Profit Drops 26% as Deals Slow, Tech Struggles
Goldman Sachs's third-quarter earnings fell as the market turned
against some of the firm's stockholdings and new initiatives took
time to yield positive results.
Citigroup Hits Return Target, Profit Rises
Citigroup said its third-quarter profit rose 6%, beating analyst
expectations. The bank hit a key target by getting its return on
tangible common equity to 12.2% for the period.
(END) Dow Jones Newswires
October 15, 2019 15:00 ET (19:00 GMT)
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