News Highlights: Top Company News of the Day
December 10 2019 - 7:30PM
Dow Jones News
Chevron, Facing Fossil Fuels Glut, Takes $10 Billion Charge
The move is a concession that in an age of oil and gas
overabundance, some energy assets will not be profitable anytime
soon.
Amazon Sees Need for Boosting Technical Skills of Its Workforce
When Amazon's top human-resources executive considers the skills
the retail giant might need in its workforce going forward, she has
a quick answer.
AutoZone Races Toward Record, Fueled By Strong Earnings
Shares of AutoZone surged Tuesday toward an all-time high after
the distributor of automotive replacement parts and accessories
reported higher-than-expected sales and profits.
PG&E Judge Floats Offer to Postpone Ruling on Insurance Deal
The judge overseeing PG&E Corp.'s bankruptcy has offered to
postpone a ruling on an $11 billion settlement with insurance
companies and big investors, as the company tries to win support
from California Gov. Gavin Newsom on its strategy to get out of
chapter 11.
Saudi Aramco Sounds Out Investors on Asia IPO
Saudi Arabia still hopes to attract the foreign capital it
failed to draw with its record-breaking domestic IPO.
New York Life in Talks to Buy Cigna Unit for Up to $6 Billion
New York Life is negotiating with Cigna to acquire a unit that
sells life, accident and disability-income insurance to
employers.
University of Phoenix Settles Deceptive Advertising Claims for $191 Million
The University of Phoenix has agreed to pay $191 million to
settle Federal Trade Commission charges that it used deceptive
marketing to recruit students by touting relationships with
high-profile companies.
Apollo Made Bid for Tenneco's Powertrain Unit
The private-equity firm's offer is valued at $4.3 billion
including adjustments and excluding certain liabilities, but
Tenneco is likely to reject it.
Facebook Rebuffs Barr, Moves Ahead on Messaging Encryption
Facebook said it would move forward with plans to add encryption
across its messaging platforms, rejecting the attorney general's
plea to allow some form of government access to those services over
public safety concerns.
Netflix Says 26.4 Million Users Watched 'The Irishman'
Some 26.4 million Netflix subscribers around the world watched
the Martin Scorsese movie "The Irishman" in its first week on the
streaming service, a little more than half the number who watched
its most successful original film, last year's "Bird Box," in a
similar period.
(END) Dow Jones Newswires
December 10, 2019 19:15 ET (00:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.