News Highlights: Top Company News of the Day
January 20 2020 - 9:30PM
Dow Jones News
Huawei Executive's Extradition Hearing in Canada Begins
Lawyers for Huawei Technologies executive Meng Wanzhou argued in
a Canadian court against her extradition to the U.S., saying the
sanctions against Iran that she is accused of violating aren't
enforced in Canada.
BAE Systems to Buy Military GPS Business From United Technologies for $1.93 Billion
BAE Systems is doubling down on the U.S. defense market,
agreeing to buy a business that tracks everything from jet fighters
to tanks.
Sears Woes Hit Hometown Stores
Since Eddie Lampert acquired the chain, store owners have
struggled to get products and compete with lower prices from
sears.com, causing some to consider leaving their contracts.
Embraer Ties New Turboprop Aircraft to Boeing Deal
Embraer will have to scrap plans to build the first all-new
turboprop aircraft in 30 years if its proposed joint venture with
Boeing fails to secure regulatory approval.
BAE Systems Expands Electronics Unit
BAE Systems has looked to boost growth in electronic systems
after agreeing to buy Collins GPS and Raytheon's airborne tactical
radios businesses for $2.2 billion.
Hospitals Give Tech Giants Access to Detailed Medical Records
It isn't only Google that can tap into patients' digital health
records: Microsoft and IBM also have signed agreements with major
hospital systems giving them the ability to access patients'
identifiable data.
Google Pushes 'Sensible' Ideas for How to Regulate AI
Silicon Valley executives and lobbyists like to say they embrace
regulation. Now they're launching a frenzy of lobbying on what they
want that regulation to be-and Europe is set to be one of the first
battlegrounds.
After a Four-Year Freeze, Citadel Securities Can Trade Again in China
China's stock-market regulator said a Shanghai-based unit of
Citadel Securities paid $97.6 million to resolve a probe into its
trading practices in 2015. That ends a long period of limbo for
Citadel's Chinese business, whose proprietary trading account was
frozen during the long-running probe.
Americans Show Scant Interest in Electric Vehicles, Subaru CEO Says
The CEO of Subaru expressed frustration over trying to navigate
between environmental regulations that seek to expand use of
electric vehicles and the lack of real consumer demand for
them.
Olam International to Split Business in Two
The Singaporean agriculture company said one of the new groups
will operate in the food-ingredient industry and the other will
focus on food products and animal feed.
(END) Dow Jones Newswires
January 20, 2020 21:15 ET (02:15 GMT)
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