News Highlights: Top Company News of the Day
December 12 2019 - 9:30PM
Dow Jones News
Boeing's MAX Fixes Not Likely to Get FAA Approval Until February
The global grounding of Boeing's 737 MAX is set to stretch to
nearly a year as regulators expressed concern that the U.S. plane
maker set unrealistic expectations for the jetliner's return to
passenger service.
Broadcom Expects Its Earnings to Bounce Back
The chip maker promised an earnings recovery in the current year
after the company posted weaker fourth-quarter figures, dented by
the protracted U.S. export ban of some items to Chinese telecom
giant Huawei.
Oracle Won't Return to Dual-CEO Structure
The Silicon Valley company, which reporter higher profit and
flat revenue, won't return to a dual-CEO structure after the death
this year of co-Chief Executive Mark Hurd.
Japan's Hoya Plans to Acquire NuFlare Technology for $1.35 Bln
Hoya Corp. plans to spend 147.72 billion yen to acquire all
shares of NuFlare Technology Inc., a maker of semiconductor
manufacturing equipment.
Kate Spade CEO Anna Bakst to Depart
Luxury-brands company Tapestry said the head of its Kate Spade
brand, Anna Bakst, is leaving at the end of 2019, marking a less
than two-year tenure as leader of the struggling brand.
Costco Sales Continue to Rise
The warehouse retailer's comparable sales increased 5% in the
latest quarter but e-commerce growth slowed.
Liberty Media Seeks to Increase Stake in iHeartMedia
An affiliate of John Malone's Liberty Media is seeking Justice
Department permission to buy a larger piece of iHeartMedia,
according to people familiar with the matter, a deal that would put
the nation's largest radio broadcaster under the same corporate
umbrella as the leading concert promoter and satellite-radio giant
SiriusXM.
Federal Reserve Lifts Consent Orders Against JPMorgan, U.S. Bancorp
The Federal Reserve on Thursday lifted consent orders against
JPMorgan Chase & Co. and U.S Bancorp stemming from what the
central bank identified as weak anti-money laundering controls.
FTC Weighs Move Against Facebook Over How Its Apps Interact
Federal officials are considering seeking a preliminary
injunction against Facebook over antitrust concerns related to how
its products interact, according to people familiar with the
matter.
PayPal Sues U.S. Regulator Over Prepaid-Card Rule
The payments company contends 'digital wallets' should be exempt
from the rule designed to regulate prepaid cards.
(END) Dow Jones Newswires
December 12, 2019 21:15 ET (02:15 GMT)
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