News Highlights: Top Company News of the Day
November 21 2019 - 05:15PM
Dow Jones News
Bumble Bee Files for Bankruptcy With $925 Million Offer From Taiwan's FCF
Bumble Bee Foods LLC, one of the nation's largest canned tuna
providers, filed for bankruptcy protection Thursday with an
agreement to sell its assets to Taiwan's FCF Fishery Co. for
roughly $925 million.
GM's Telling New Rivalry With Fiat Chrysler
You know competition between companies is getting tougher when
it moves into the courts.
The Future of Online Trading Is in Banking and Wealth Management
First beat your rivals up on price, and then buy one. If that is
how things play out for Charles Schwab, investors could stand to
gain.
German Public Broadcaster's TikTok Debut Sparks Backlash
A decision by the German public broadcaster to share videos on
Chinese-owned TikTok is sharpening concern in Germany about
censorship and security and fanning a debate about the cost of the
country's vast public-sector media system.
WeWork to Cut Around 17% of Workforce
Troubled office-space startup WeWork said it would shed around
2,400 jobs following its botched initial public offering in an
effort to reduce mounting losses.
Facebook Weighs Steps to Curb Narrowly Targeted Political Ads
Facebook is considering making changes to its
political-advertising policy that could include preventing
campaigns from targeting only very small groups of people, in an
effort to spurn the spread of misinformation.
Xerox Threatens to Go Hostile With HP Takeover Bid
Xerox told HP's board that it would take its $33 billion
takeover bid to shareholders if HP doesn't reconsider its rejection
of the offer by Nov. 25.
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 Posts Lower Sales; Cuts Forecast
Macy's said sales declined in the third quarter and lowered its
guidance for the year, highlighting the continuing struggle to
attract shoppers to traditional department stores.
Thrive Expands Health Portfolio, Backing Care-Navigation Platform Rightway
As the cost of employer-provided health insurance climbs,
startups are pitching software aimed at helping consumers and
companies eke out savings by accessing care more efficiently.
(END) Dow Jones Newswires
November 21, 2019 17:00 ET (22:00 GMT)
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