News Highlights: Top Company News of the Day
November 20 2019 - 9:15AM
Dow Jones News
Boeing Loses Crucial Orders for New 777X Jet From Emirates
Emirates Airline is reducing its order for Boeing's embattled
777X jet, electing to buy the smaller 787 Dreamliner instead, in
the latest setback for the for the U.S. manufacturer's newest
plane.
Target Extends Its Sales Streak
Target posted another quarter of rising sales, saying it
continues to draw more shoppers and capture spending both in its
stores and online.
Canadian National Railway Seeks Arbitrator to End Strike
Canadian National Railway is pushing for the government to
appoint of an arbitrator to end an impasse in contract negotiations
that triggered a strike Tuesday.
HSBC Investment Bank Chief to Move Aside
HSBC Holdings is parting ways with another long-serving
executive, investment bank head Samir Assaf, in a reshuffling of
its management team that could see more division heads leave the
bank.
Lucky Eights Power Alibaba's Blockbuster Share Sale
Chinese e-commerce giant Alibaba has pulled off a blockbuster
Hong Kong stock sale even as protests rage in the city-raising
$11.2 billion in a deal packed with auspicious numbers.
Lowe's Reports Higher 3Q Profit
The home-improvement retailer reported higher third-quarter
earnings and lower sales as it said it would close 34
underperforming stores in Canada following a strategic review.
Apple Music Gets Into the Muzak Business
Apple Music has been quietly piloting a version of its
music-streaming service for businesses including Levi Strauss and
Harrods stores.
Bank Accused of Breaching Money Laundering Laws-More Than 23 Million Times
Westpac, Australia's second-largest bank, has been accused of
the biggest breach of the country's money laundering and terrorism
financing laws in history, including failing to detect transfers
that may have been used to facilitate child exploitation.
Carl Icahn Placing a Big Bet Against Mall Owners
Investors have lost hundreds of millions of dollars wagering
that struggling mall owners won't be able to pay their debts. Those
losses haven't deterred Carl Icahn from making the same bet.
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.
(END) Dow Jones Newswires
November 20, 2019 09:00 ET (14:00 GMT)
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