News Highlights: Top Company News of the Day
November 15 2019 - 5:30PM
Dow Jones News
Johnson & Johnson's Oklahoma Opioid Penalty Reduced to $465 Million
An Oklahoma judge reduced a verdict against Johnson &
Johnson by more than $100 million in a closely watched opioid case,
an expected move that fell short of the amount the company
requested.
Hulu Is Raising the Price of Hulu + Live TV in December
Walt Disney-controlled Hulu said it is boosting the cost of Hulu
+ Live TV-its service that offers live news and sports as well as
on-demand content-to $54.99 a month.
Dispute Between Taylor Swift, Former Label Flares Again
Taylor Swift and her former label traded barbs in an escalating
dispute over the pop star's right to perform her old hits.
Canned Tuna Maker Bumble Bee Preps for Bankruptcy Filing
Bumble Bee Foods is preparing to file for bankruptcy within days
over mounting legal expenses stemming from its involvement in a
conspiracy to fix prices on canned tuna, according to people
familiar with the matter.
Twitter to Restrict How Certain Advertisers Target Users
Twitter said it would no longer allow certain types of
geographic or keyword targeting for advertisers promoting any type
of cause.
Brazil Dam Collapse Prompts Potential Rule Shakeup for Miners
A mining-industry group published draft proposals for strict new
standards to govern how companies build and operate the sort of
mine-waste dam that collapsed in Brazil early this year.
J.C. Penney's Sales Fall, but Outlook Improves
J.C. Penney reported another quarter of falling sales but
boosted part of its financial outlook for this fiscal year, sending
its battered shares up.
Mediterranean Shipping Co. Shakes Up Senior Management
Veteran Mediterranean Shipping Co. Chairman Gianluigi Aponte
will step down from the helm of the world's second-largest
container operator and will be replaced by his son Diego Aponte,
people with direct knowledge of the matter said.
Roche Strikes $1.4 Billion Buyout Deal With Promedior
Roche agreed to pay $390 million up front and $1 billion more if
development, regulatory and commercial goals are reached. The
buyout culminates more than a dozen years of work for Lexington,
Mass.-based Promedior, which formed in 2006 to develop fibrosis
treatments.
Tariffs Aren't the Only Driver of Auto Stocks
Hopes that the trade war is easing have buoyed the European auto
sector in recent weeks, but another profit warning from Daimler is
a reality check.
(END) Dow Jones Newswires
November 15, 2019 17:15 ET (22:15 GMT)
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