News Highlights: Top Company News of the Day
November 12 2019 - 3:30AM
Dow Jones News
McKinsey Bankruptcy Unit Faces Criminal Probe
A McKinsey unit faces mounting legal and court challenges as the
giant consulting firm attempts to defend its bankruptcy-advisory
business.
Google Is Collecting Personal Health Data of Millions of People
Google is teaming with one of the country's largest health-care
systems on an ambitious project named "Project Nightingale" to
collect and crunch detailed health information of millions of
Americans across 21 states.
Balderton Raises $400 Million to Invest in Europe's Burgeoning Startup Scene
Balderton Capital, one of Europe's largest venture-capital
firms, has raised $400 million for its seventh fund.
Alibaba Racks Up Record Sales on World's Biggest Shopping Day
Alibaba reached a new sales milestone during China's Singles Day
shopping festival, as the e-commerce giant sold 268.4 billion yuan
($38.3 billion) worth of goods, up 26% from its previous record of
213.5 billion yuan, or about $30.8 billion, set last year.
WeWork in Talks to Hire T-Mobile CEO
WeWork's parent company is in discussions with T-Mobile CEO John
Legere to take over leadership of the troubled office-sharing
startup.
Mall of America Wants Control of Empty Sears Store
Mall of America already lost its Sears store to bankruptcy. Now
the big Bloomington, Minn., mall wants the space back.
Kimberly-Clark Switches Major Ad Duties From WPP to Accenture Interactive
Kimberly-Clark named Accenture Interactive as the lead creative
agency for its baby and child-care products, supporting global
marketing initiatives and handling the business in the U.S.,
Europe, Middle East and Africa.
FAA Eyed Ordering Southwest to Idle 38 Jets Over Records
Southwest is flying more than three dozen jets without final
verification that they meet all mandatory federal safety standards,
government documents show.
Food-Delivery Bid Is a Taste Test for Investors
A hostile $6.3 billion offer for British takeout-ordering site
Just Eat is on a difficult side of the debate about growth versus
profitability at tech companies.
Amazon's Heavy Recruitment of Chinese Sellers Puts Consumers at Risk
The giant retail platform has included listings for banned,
unsafe, counterfeit, mislabeled products. One reason: It
aggressively wooed China's manufacturers to cut out the middleman
and sell directly to Americans.
(END) Dow Jones Newswires
November 12, 2019 03:15 ET (08:15 GMT)
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