News Highlights: Top Company News of the Day
December 11 2019 - 1:15AM
Dow Jones News
HSBC Swiss Unit to Pay $192 Million to Settle U.S. Tax Case
A Switzerland-based HSBC unit admitted to helping Americans
evade taxes over a decade and agreed to pay $192 million to settle
criminal charges.
Carlyle Group Widens Fertility Benefits for Employees
Carlyle Group is broadening coverage of fertility services and
infertility treatments for employees, including for singles or
same-sex partners, according to an internal employee memo.
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.
BlackRock Favors U.S. Treasurys Over Other Nations' Amid Policy Pause
The world's largest money manager is favoring U.S. government
debt over other sovereign bonds because it expects yields outside
the U.S. to linger near recent lows.
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.
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.
(END) Dow Jones Newswires
December 11, 2019 01:00 ET (06:00 GMT)
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