News Highlights: Top Company News of the Day
November 19 2019 - 5:15PM
Dow Jones News
Fed Approves BB&T, SunTrust Banks Merger
The Federal Reserve Board approved the merger of regional
lenders BB&T and SunTrust Banks. The deal has been valued at
over $28 billion, making it the largest bank deal since the
financial crisis.
Retail Results Send Mixed Signals on Consumer Spending
Retailers gave a mixed read on consumer spending heading into
the key holiday season, with Kohl's and Home Depot reporting weak
sales, but discounter TJX continuing to log strong sales.
Many Generic Drugs Haven't Hit Market, Hurting Cost-Control Efforts
Record numbers of generic drugs for cancer, heart ailments and
other conditions have received U.S. approval in recent years,
raising hopes that the new competition would reduce high drug
costs. But many of the lower-price medicines haven't hit the
market.
Macy's Reports Data Breach Affecting Small Number of Customers
Macy's said customer data may have been stolen from its website
over a roughly one-week period in October.
Gannett Looks to Spare Journalists' Jobs After Merger
The chief executive of the newspaper giant formed by the merger
of USA Today publisher Gannett and GateHouse Media said the new
company would make deep cost reductions but pledged to avoid big
newsroom layoffs.
D.C. Attorney General Sues Food-Delivery Company DoorDash
A lawsuit alleges the company pocketed tips on deliveries.
New York Attorney General Sues Juul Labs for Alleged Deceptive Marketing
The New York state attorney general's office sued Juul Labs,
accusing the e-cigarette maker of engaging in deceptive marketing
of its products, which state officials blame for contributing to a
youth vaping epidemic.
Boeing Nets Deals for Its Grounded 737 MAX Jet
Boeing secured deals for its grounded 737 MAX, a timely
endorsement as the plane maker seeks regulatory approval for
returning the aircraft to service.
General Motors Shielded From Punitive Damages on Ignition Switches
The new company that emerged from GM's government-brokered
bankruptcy a decade ago can't be liable for punitive damages based
on actions taken by its corporate predecessor, according to the
U.S. Court of Appeals for the Second Circuit in New York.
Wildfire Victims Insist $11 Billion Insurance Pact Is Blocking PG&E Deal
Victims of wildfires linked to PG&E's equipment said
property insurers with billions of dollars on the line aren't at
the negotiating table, lowering the chances of a comprehensive deal
to end the bankruptcy.
(END) Dow Jones Newswires
November 19, 2019 17:00 ET (22:00 GMT)
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