News Highlights: Top Company News of the Day
November 14 2019 - 9:30PM
Dow Jones News
Amazon to Protest Pentagon Contract Award to Microsoft
Amazon said it would protest the Pentagon's award of a massive
cloud-computing contract to Microsoft, throwing yet another wrench
in long-running procurement battle.
Former Executive at Chinese Bank Pleads Guilty in Bid-Rigging Case
Peter Volino, a former vice president at Industrial and
Commercial Bank of China Financial Services LLC, admitted to
violating bid-rigging laws by participating in a scheme to submit
artificially low bids, the U.S. Justice Department said
Thursday.
SoftBank's $1 Billion Investment in Wirecard Came With a Twist-No SoftBank Cash
Shares of electronic payments company Wirecard jumped in April
after news of an investment by SoftBank, but the commitment ended
up coming from the personal accounts of a group of SoftBank
employees and an outside investor
Nvidia Aided by Recovering Cloud-Computing Demand
Nvidia Corp. signaled the prospects for sales from its gaming
and cloud-computing operations were improving, even as it posted a
fourth-straight quarter of lower earnings.
Inside Under Armour's Sales Scramble: 'Pulling Forward Every Quarter'
Former Under Armour executives said they scrambled to meet
aggressive sales targets, borrowing business from future quarters
to mask slowing demand in 2016 for the company's athletic
apparel.
Fidelity, T. Rowe Win Preliminary OK on New Stock-Picking ETFs
The Securities and Exchange Commission gave a green light to
several firms' plans to create ETFs that choose securities without
exposing the managers' trading tactics.
Goldman Promotes 465 Managing Directors as It Looks to Regain Luster
Women make up a record 29% of newly minted managing directors at
the firm, slightly higher than the roughly one-quarter in each of
the past two cycles. Two-thirds are millennials, a group Wall
Street banks have struggled to keep happy.
Google to Restrict User Information It Gives Advertisers
The tech giant said its ad exchange would stop telling
advertisers what categories of websites users are visiting, a
concession to European data-protection authorities.
European Asset Manager Azimut Enters U.S. Market for GP Stakes
European asset manager Azimut is adding its name to the growing
list of firms that acquire stakes in private-capital firms.
Tesla Makes Some Improvements in Consumer Reports Rankings
After tumbling in the rankings last year, electric car maker
Tesla rebounded slightly in Consumer Reports' latest reliability
survey with the organization restoring its recommended rating to
two models.
(END) Dow Jones Newswires
November 14, 2019 21:15 ET (02:15 GMT)
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