News Highlights: Top Company News of the Day
November 14 2019 - 3:30AM
Dow Jones News
Icahn Backs Xerox's Big Bid, Reveals Stake in Target HP
Activist investor Carl Icahn is pushing for the proposed merger
of Xerox and HP. He revealed a stake in HP that could increase
pressure for a tie-up.
Facebook Reports Gains in Removing Objectionable Content
Facebook reported gains in detecting hate speech, child-abuse
imagery and terrorist propaganda on its platforms and said its
willingness to publish statistics on the removal of objectionable
content shows its commitment to transparency.
WeWork's Loss Balloons to $1.25 Billion
Office-space startup WeWork lost $1.25 billion in the third
quarter as expenses far outpaced revenue growth, draining the
company's cash ahead of a bailout by SoftBank last month.
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.
Mike Henry to Become BHP Group CEO in January
BHP named Mike Henry as its new chief executive, opting for his
experience running the most profitable operation of the global
miner after a tumultuous period of big swings in commodity prices
and exiting legacy assets.
SoCal Edison Agrees to Settlement in 2017, 2018 Wildfires
California's second-largest utility company has agreed to pay
$360 million to compensate about two dozen local governmental
entities for damages and other costs.
Smith & Wesson Parent Plans Split
The maker of Smith & Wesson firearms said it would split
into two companies and reverse a multiyear diversification effort
aimed at countering the sluggish domestic gun business.
Cisco Projects Reduced Revenue in Current Quarter
Cisco Systems projected its first quarterly revenue decline in
more than two years, blaming what it called a pause in customer
spending tied to political and economic concern.
United Airlines' Costs Rise Amid 737 MAX Grounding, CFO Says
United Airlines has experienced a double-digit increase in
operating costs on certain routes because of the continued
grounding of Boeing's 737 MAX aircraft, the airline's finance chief
said.
McClatchy Seeks to Have U.S. Take Over Pension Fund
Newspaper publisher McClatchy said it has begun talks with
creditors and federal authorities about a possible government
takeover of its pension fund as it tries to relieve liquidity
pressure due to its pension responsibilities and debt load.
(END) Dow Jones Newswires
November 14, 2019 03:15 ET (08:15 GMT)
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