News Highlights: Top Company News of the Day
November 15 2019 - 7:15PM
Dow Jones News
Caesars-Eldorado Casino Merger Gets Shareholder Approval
Shareholders of Eldorado Resorts and Caesars Entertainment
approved an $8.58 billion cash-and-stock merger that would create
the largest casino operator in the U.S.
Steve Wynn Challenges Nevada Gambling Regulators' Authority to Punish Him
Attorneys for Steve Wynn, former chief of Wynn Resorts, argued
in a filing with the Nevada Gaming Commission that he can't be
fined by state casino regulators because he is no longer in the
casino industry.
TikTok Wades Into Online Shopping
TikTok is testing a new feature that could give the popular
video-sharing app an entry into e-commerce and a new way to make
money beyond advertising to its growing U.S. audience.
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.
(END) Dow Jones Newswires
November 15, 2019 19:00 ET (00:00 GMT)
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