News Highlights: Top Company News of the Day
November 20 2019 - 1:30PM
Dow Jones News
General Motors Files Racketeering Lawsuit Against Fiat Chrysler
General Motors filed a federal racketeering lawsuit against Fiat
Chrysler Automobiles and a handful of former executives at the
Italian-American auto maker.
U.S. Begins Granting Exemptions to Huawei Blacklist
The Trump administration has allowed some U.S. suppliers to
Huawei to resume shipping to the Chinese telecom giant, easing
export restrictions while negotiators struggle to work out the
first phase of a trade deal.
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.
Wirecard Shares Drop on Lack of Audit Opinion for Singapore Arm
The German electronic-payments company's accounting practices in
Asia are under investigation, and the stock fell after it emerged
that an auditor hadn't fully signed off on its Singapore arm's most
recent accounts.
Ride-Hailing App Juno Enters Bankruptcy, Blaming Wage Law
New York ride-hailing business Juno USA LP filed for bankruptcy
protection, blaming its demise on minimum wage regulations and
mounting lawsuits from drivers, riders and competitors.
Qualcomm Stacks All Its Chips on 5G
Qualcomm expects its chipset business to drive future growth as
licensing is expected to remain flat.
Boeing Loses Crucial Orders for New 777X Jet From Emirates
Emirates Airline is reducing its order for Boeing's embattled
777X jet and buying the smaller 787 Dreamliner instead, in the
latest setback for the U.S. manufacturer's newest plane.
Lowe's Reports Higher Profit, to Close 34 Canadian Stores
Lowe's reported another quarter of soft sales but raised its
adjusted full-year earnings targets and said it would trim its
store fleet in Canada.
Aon Pushes Into Online Insurance for Small Business
Aon has agreed to acquire startup CoverWallet, as insurers are
competing to figure out how to sell insurance to small businesses
online.
Blackouts Return to Northern California
Northern California prepared for its fourth round of blackouts
in two months amid a forecast for high winds, an increasingly new
norm as the state's utilities try to prevent deadly wildfires from
starting.
(END) Dow Jones Newswires
November 20, 2019 13:15 ET (18:15 GMT)
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