News Highlights: Top Company News of the Day
November 21 2019 - 11:15AM
Dow Jones News
Tesla Targets U.S. Auto Makers' Profit Engine With Electric Pickup
Elon Musk is readying to reveal the next piece of Tesla's
electric-vehicle vision: a pickup truck, but the road won't be
easy.
Macy's Lowers Guidance for Sales
Macy's said sales declined in the third quarter and warned of a
weak holiday quarter, as traditional department stores struggle to
attract shoppers.
Derek Jeter's Players' Tribune Gets New Owner
Minute Media, a digital publishing platform founded in Israel,
has acquired the website that the former New York Yankees captain
created for athletes to tell their own stories.
Kroger Dials Back Overhaul as Sales Sputter
Kroger is turning back to the basics of selling groceries after
trying to sell too many new products and renovate too many stores
at once.
Thyssenkrupp Losses Widen as New CEO Pushes Unit Sale
Thyssenkrupp, the German industrial icon fighting for survival
amid a manufacturing slump, said it would scrap its dividend and
accelerate efforts to sell its most profitable division as losses
widened.
TD Ameritrade, Charles Schwab Shares Surge on Deal Report
Shares of TD Ameritrade Holding and Charles Schwab surged in
premarket trading after CNBC reported that Schwab was near a deal
to buy its smaller rival.
BMW Increases Battery Cell Order Volume
BMW is increasing its order volumes with Chinese battery cell
supplier Contemporary Amperex to EUR7.3 billion, in a move aimed at
securing the car maker's long-term supply for its e-mobility
strategy.
This Chinese Tech Star Needs to Learn From WeWork
Nasdaq-listed e-commerce stock Pinduoduo has been racking up
mounting losses in its quest for growth.
Sonos Finds Its Voice
Sonos's acquisition of French company Snips is an interesting
shift for the speaker maker, which seeks to thrive outside the
voice-platform ecosystems created by Amazon and Google.
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.
(END) Dow Jones Newswires
November 21, 2019 11:00 ET (16:00 GMT)
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