News Highlights: Top Company News of the Day
November 12 2019 - 11:15AM
Dow Jones News
Disney Streaming Service Debuts With Technical Issues Amid High Demand
Walt Disney's big streaming debut of Disney+ arrived with
technical glitches that the company blamed on unexpectedly high
demand.
Dean Foods Files for Chapter 11 Bankruptcy
Dean Foods filed for chapter 11 bankruptcy protection and is in
advanced talks to sell itself to Dairy Farmers of America, the
nation's largest dairy cooperative.
CBS Reports Lower Profit on Content, Merger Costs
CBS said profit fell about 35% in the third quarter, in part
because the entertainment and media company faced higher costs
related to its planned merger with Viacom.
Tyson Posts Weaker Profit After Fire at Beef Plant
Tyson Foods said profit fell by almost one-third in its latest
quarter, in part because a fire forced it to temporarily close a
major beef-processing plant.
Nissan Slashes Forecasts as Sales and Profit Fall on Weak Demand
The results showed the auto maker struggling to overhaul its
business, hurt both by a downturn in the global auto industry and
turmoil within the company in the year since the arrest of former
Chairman Carlos Ghosn.
Juul to Cut Roughly 650 Jobs, or 16% of Workers
The embattled e-cigarette maker also plans to cut $1 billion in
spending next year as it braces for a hit in sales after
voluntarily stopping the sale of its most popular flavor in the
U.S.
Zillow, Opendoor Pay Close to Market Value for Homes, Study Says
Companies using technology to make rapid cash offers to home
sellers are typically paying their customers close to market value,
a new study found.
Financial Times Appoints First Female Editor
The U.K.'s Financial Times newspaper appointed its first woman
editor in its 130-year history in the publication's first change of
editorial leadership since 2005.
Google Amasses Medical Records 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.
Vodafone Ups Profit Guidance
Vodafone raised its earnings forecasts for 2020, benefiting from
the acquisition of Liberty Global assets in Europe and the sale of
its New Zealand operations.
(END) Dow Jones Newswires
November 12, 2019 11:00 ET (16:00 GMT)
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