News Highlights: Top Company News of the Day
October 21 2019 - 9:30PM
Dow Jones News
European Air Regulators Break From FAA on 737 MAX Timeline
European air-safety regulators have officially shelved the idea
of lifting the grounding of Boeing's 737 MAX jets simultaneously
with the U.S., a setback to American regulators' desire for a
coordinated global response.
Activist Investor Behind CSX Overhaul Sells Most of Its Stake
The activist that shook up CSX Corp. has wound down most of its
investment in the railroad operator, marking an end to a three-year
saga that helped spur a massive overhaul of the U.S. railroad
industry.
WeWork's Valuation Falls to $8 Billion Under SoftBank Rescue Offer
WeWork's board is expected to meet tomorrow to weigh
emergency-financing options including a takeover by SoftBank.
PG&E Fire Victims Say Trauma, Dislocation Should Excuse Late Filers
California wildfire victims had a Monday deadline to file claims
for damages from PG&E, the bankrupt utility blamed for sparking
the blazes, but their lawyers are racing to try to buy more
time.
Destination Maternity to Close About 210 Stores in Bankruptcy
Destination Maternity filed for chapter 11 protection and plans
to close about 210 underperforming locations, bowing to declining
sales brought on by online competition, changing consumer behaviors
and falling pregnancy rates in the U.S.
Facebook to Identify State-Run Media
Facebook is taking more steps to protect the integrity of the
2020 U.S. elections, including clearer identification of state-run
media on its platform.
Freddie Mac CIO Aims to Modernize IT, Cut Costs
Freddie Mac's acting chief information officer, Frank Nazzaro,
is taking on the role permanently as the mortgage-finance company
looks to digital technology to increase loan approvals for a wider
group of qualified home buyers.
Boeing Shares Fall as Lawmakers, Regulators Press Company
Investors are selling off shares in Boeing as the plane
manufacturer was hit with downgroades and continues to face intense
questions from regulators and elected officials about its safety
practices and its grounded 737 MAX planes.
SAP Extends Cloud Partnership With Microsoft
SAP has extended a cloud-services partnership with rival
Microsoft, crediting it with driving sales.
Coty Wants to Shed Hair-Care, Beauty Brands
Cosmetics maker Coty Inc. is looking to sell its hair-care and
professional beauty businesses, a collection of brands that account
for nearly a third of its annual revenue.
(END) Dow Jones Newswires
October 21, 2019 21:15 ET (01:15 GMT)
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