News Highlights: Top Company News of the Day
December 06 2019 - 5:15AM
Dow Jones News
Google Management Shuffle Points to Retreat From Alphabet Experiment
Sundar Pichai's appointment as CEO of Google parent Alphabet
Inc. effectively shifts the focus back on the company's advertising
profit machine and away from its "moonshots" and other potential
new businesses.
Uber Report Details Sexual Assaults in U.S. Over Two Years
Uber Technologies said it received 5,981 reports of sexual
assault involving U.S. passengers or drivers during 2017 and 2018,
underscoring the risk that has been a chief criticism of
ride-hailing companies around the world.
BlackRock Executive Ousted for Failing to Disclose Employee Relationship
Mark Wiseman, a potential heir to the top job at BlackRock, has
been ousted from the money-management giant for failing to disclose
a relationship with an employee who reported to him.
Aramco Valued at $1.7 Trillion in World's Biggest IPO
Saudi Aramco priced its initial public offering Thursday at the
high end of the targeted range to give the oil giant a total value
of $1.7 trillion in the world's biggest-ever IPO.
Biogen Details Case for Controversial Alzheimer's Drug
Biogen tried to make the case for why two aborted studies of its
experimental Alzheimer's disease drug support its plan to seek
approval from U.S. regulators, but skeptics said they remained
unconvinced that the drug is effective.
Smith & Wesson Parent Sees Higher Gun Sales
American Outdoor Brands, Inc., the parent of Smith & Wesson,
provided more evidence that demand for guns was stabilizing, with
full-year sales and profit guidance that topped analysts'
expectations
Skin- and Hair-Care Products Lift Ulta Beauty's Sales
Ulta Beauty posted higher sales in the latest quarter, driven by
strength in the cosmetics company's skin-care and hair-care
categories.
Twitter Sells Bonds at Low Rate
Twitter sold its first-ever unsecured bonds on Thursday at a
lower interest rate than initially expected, reflecting robust
demand from investors drawn to the social-media company's ample
cash flow.
Slack Gets Ahead of the News
At least give Slack Technologies credit for not ignoring the
elephant in the room. And Microsoft is an awfully big elephant.
Overtime, Gen Z Sports Oasis, Looks to Raise $40 Million
Overtime initially won notice for posting high-school game
highlights and other sports videos on social platforms such as
Instagram, YouTube and TikTok but has since expanded to long-form
original shows, merchandising and live events.
(END) Dow Jones Newswires
December 06, 2019 05:00 ET (10:00 GMT)
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