News Highlights: Top Company News of the Day
December 11 2019 - 5:15PM
Dow Jones News
JPMorgan Takes Aim at Rivals in Wealth Business Revamp
JPMorgan Chase is taking a bigger swing at wealth management,
revamping its business units in an effort to better compete with
big-bank rivals such as Morgan Stanley.
Netflix Barred From Recruiting Fox Executives
A California judge issued an injunction against Netflix
prohibiting the streaming-video giant from trying to hire Fox
television and film executives who are under contract.
Toyota's North America Chief to Retire
Jim Lentz, the chief executive of Toyota Motor's North American
operations who played a visible role during a safety crisis earlier
this decade, will retire. The auto maker named Tetsuo "Ted" Ogawa
as the region's new CEO.
Former Executive at Credit Suisse Venture Says She Was Spied On
Colleen Graham told a U.S. labor court she was retaliated
against over an accounting issue, a claim Credit Suisse denies.
Despite Gaps, Philadelphia Refinery's Chapter 11 Outline Gets Court OK
Philadelphia Energy Solutions, the operator of an urban oil
refinery that in June released thousands of pounds of deadly
chemicals into the air of one of the country's largest cities, won
bankruptcy court approval Wednesday of a gap-filled outline of its
restructuring proposal.
Home Depot Gives Cautious Outlook for 2020
Home Depot forecast same-store sales for the next fiscal year
that were below Wall Street's expectations as the company waits to
see investments in its supply chain, stores and digital offerings
pay off.
Nestlé to Sell U.S. Ice Cream Business to Joint Venture
Nestlé, whose brands include Nestlé Ice Cream, Häagen-Dazs and
Dreyer's, said it is selling its U.S. ice cream business to a joint
venture the company helped form.
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'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.
(END) Dow Jones Newswires
December 11, 2019 17:00 ET (22:00 GMT)
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