News Highlights: Top Company News of the Day
November 20 2019 - 5:15PM
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.
Swedbank May Have Breached US Sanctions Against Russia, SVT Reports
The Stockholm-based badnk may have violated U.S. sanctions
against Russia by facilitating the transfer of about 10 million
Swedish kronor ($1 million) from gun maker Kalashnikov to a U.S.
subsidiary in Florida, according to a report by the Swedish state
broadcaster.
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.
GDPR Decision on WhatsApp Delayed Over Company's Concerns
A decision in Ireland's privacy investigation into Facebook's
WhatsApp has been delayed because the company's lawyers raised
concerns about how the regulator will share potentially sensitive
commercial data with authorities in other European countries.
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 as part of the home-improvement chain's
broader turnaround.
(END) Dow Jones Newswires
November 20, 2019 17:00 ET (22:00 GMT)
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