News Highlights: Top Company News of the Day
December 11 2019 - 1:15PM
Dow Jones News
GameStop's Long Waiting Game
The game retailer's sales plunge as market awaits new Xbox and
PlayStation consoles.
FAA Review Saw High Risk of Boeing 737 MAX Crashes
U.S. regulators decided to allow Boeing Co.'s 737 MAX jet to
keep flying after its first fatal crash last fall even after their
own analysis indicated it could become one of the most
accident-prone airliners in decades without design changes.
Aramco Shares Rise 10% After World's Biggest Listing
Saudi Aramco shares jumped in Riyadh, quickly touching their
upward limit, as investors rushed to buy a piece of the world's
largest initial public offering.
Huawei Strikes German 5G Deal Despite Political Pushback
China's Huawei secured a commitment to build part of Germany's
5G infrastructure, strengthening its position in Europe's largest
economy despite calls from lawmakers to bar it.
Volkswagen Parent Acquires Stake in Self-Driving Startup
As part of the equity deal, Porsche SE, which houses auto makers
such as Volkswagen AG, Porsche AG and Audi AG, will partner with
Aeva in hopes of putting its lidar sensors on Volkswagen ID Buzz
buses to create autonomous taxis, according to Aeva co-founder and
Chief Executive Soroush Salehian.
Lululemon Tests How Far Men Will Stretch
Lululemon Athletica built its brand by convincing women to wear
its pricey yoga pants, even when they weren't headed to the gym.
These days, the company says its most promising customers are
men.
Dominion Energy Turns to Cow Manure in Gas Pact
Dominion Energy has struck a $200 million pact with a renewable
energy producer and the Dairy Farmers of America to extract natural
gas from cow manure.
Expect Fewer Big Media Deals Next Decade, Says Top Deal Maker
LionTree CEO Aryeh Bourkoff expects the next decade to be
defined by the biggest media companies building out their
direct-to-consumer operations and developing other strategies that
won't always require huge deals.
Children's Place Down 22% After Guidance, Earnings
The Children's Place shares fell 22% in heavy volume after
shrinking the range of its sales and earnings guidance.
Temasek Leads Growth Round for Animal-Free Dairy Startup Perfect Day
Startup Perfect Day has raised $140 million in funding for its
lab-grown alternative dairy products that are designed to be
indistinguishable from real milk while used in a range of
foods.
(END) Dow Jones Newswires
December 11, 2019 13:00 ET (18:00 GMT)
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