News Highlights: Top Company News of the Day
November 18 2019 - 11:30PM
Dow Jones News
FTC Says Several Tech Antitrust Probes Are Under Way
The Federal Trade Commission is pursuing several antitrust
probes into online platforms, the agency said, suggesting a broader
review of the technology sector than previously known.
Trump Administration Extends Rural Telecoms' License for Huawei Gear
The Commerce Department extended a license allowing rural U.S.
telecom providers to continue working with Chinese equipment maker
Huawei, despite national-security-related restrictions imposed six
months ago.
Tata Steel Plans to Cut 3,000 Jobs Across Europe
Tata Steel BSL Ltd. said it is planning to cut 3,000 jobs across
Europe, as it looks to make its European business
self-sustaining.
FedEx Closes Pension Plan to New Hires
FedEx is closing its pension plan to new U.S. hires starting
next year, joining the ranks of large U.S. companies phasing out
guaranteed retirement benefits.
AmEx Is Paying Up to Get Businesses to Accept Its Cards
American Express is offering bonuses ranging from less than
$10,000 to about $450,000 to businesses that start taking its
cards, an effort to catch up with Visa and Mastercard.
Lawmakers Slam Trump for Delaying Proposed Vaping Restrictions
President Trump's decision to hold off on a possible ban of
flavored e-cigarettes drew a harsh response from some members of
Congress, who accuse the White House reversing course after a
lobbying push.
State, Feds Push Back Against PG&E Bid to Estimate Wildfire Claims
California's largest utility wants most of the claims government
agencies filed against it in bankruptcy court included as part of a
court proceeding designed to put a lid on its exposure to damage
caused by wildfires.
Ford's Big Bet: New Electric SUV to Wear Mustang Logo
Ford is expanding the Mustang nameplate beyond its traditional
two-door sports car and unveiled a new all-electric SUV to be
called the Mustang Mach-E.
T-Mobile CEO John Legere to Step Down Next Year
T-Mobile US said CEO John Legere will step down this spring,
handing the top job to operating chief Mike Sievert in a carefully
planned handover.
Kylie Jenner Sells $600 Million Stake in Beauty Business
Coty is paying $600 million for a controlling stake in Kylie
Jenner's cosmetics startup, wagering that the celebrity's brand can
revive a struggling beauty business based on CoverGirl and Max
Factor.
(END) Dow Jones Newswires
November 18, 2019 23:15 ET (04:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.