News Highlights: Top Company News of the Day
November 13 2019 - 1:30PM
Dow Jones News
How to Straighten Out SmileDirectClub
Shares in SmileDirectClub plunged yet again on Wednesday morning
after the teeth straightening company's outlook disappointed
investors. But the negative sentiment could prove useful to bargain
hunters.
Yahoo Japan in Talks Over Combining With Chat App Line
Two Japanese internet leaders-news and shopping site Yahoo Japan
and chat app Line-are in talks to combine, potentially expanding
SoftBank's presence in online ads and payment apps in Japan.
Apple Dumps the Butterfly Keyboard on New MacBook Pro
Apple introduced a 16-inch MacBook Pro, marking a new screen
size as well as a departure from the problematic "butterfly"
keyboard that triggered customer complaints and drove the company
to offer an extended repair program.
When Antitrust Probes Hurt Competition
Boeing's plans to buy Embraer's commercial planes have triggered
a European antitrust probe, but fliers would be ill-served if the
deal were stopped.
Google to Offer Checking Accounts in Big Tech's Latest Finance Push
Google will soon offer checking accounts to consumers, becoming
the latest Silicon Valley heavyweight to push into finance.
Alibaba Seeks to Raise $13 Billion in Hong Kong Share Sale
Alibaba applied for a secondary listing in Hong Kong, aiming to
raise roughly $13 billion. The move gives the Asian financial hub a
vote of confidence after monthslong demonstrations.
Unilever Names Former Maersk CEO as Chairman
Unilever has tapped the former head of Danish shipping company
A.P. Moller Maersk as its new chairman, the second big change in
the consumer giant's top ranks in the past year.
Tencent Earnings Drop 13% as Rivals Intrude on Advertising Territory
Chinese tech giant Tencent Holdings' profit slid as slowing
economic growth at home and rising competition ate away in crucial
areas such as advertising.
Apollo Global Funds to Buy Tech Data for $5.4 Billion
Tech Data Corp. is being bought by an affiliate of funds managed
by affiliates of Apollo Global Management Inc. for $130 a share,
giving the transaction an enterprise value of $5.4 billion.
Apple Supplier Foxconn's Profit Gains Despite iPhone's Sales Drop
The world's largest contract electronics maker's net profit rose
23.3% in the third quarter , beating expectations.
(END) Dow Jones Newswires
November 13, 2019 13:15 ET (18:15 GMT)
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