News Highlights: Top Company News of the Day
December 11 2019 - 9:30PM
Dow Jones News
FAA Probes Alleged Production Issues at Boeing Plant
The Federal Aviation Administration said it is investigating
alleged production issues at a Boeing factory near Seattle, where
the plane maker assembles the 737 MAX.
Fiat Chrysler Workers Approve New Contract, Ending Detroit Labor Talks
A lengthy round of labor talks in Detroit has ended after the
United Auto Workers said it secured a new four-year contract with
Fiat Chrysler, the last of three deals negotiated this year by the
union.
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.
Harold Hamm, Shale Pioneer, Steps Down as CEO of Continental Resources
Continental Resources Inc., the oil-and-gas production company,
has named William Berry as chief executive, succeeding Harold Hamm,
who was appointed executive chairman.
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.
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.
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.
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.
(END) Dow Jones Newswires
December 11, 2019 21:15 ET (02:15 GMT)
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