News Highlights: Top Company News of the Day
February 25 2020 - 9:30PM
Dow Jones News
Comcast Wraps Up Deal for Free-TV Service Xumo
The move bolsters Comcast's offerings for free, ad-supported
digital video.
Tesla's Driver-Assistance Autopilot Draws Safety Scrutiny
U.S. safety investigators leveled a blistering rebuke of the
federal regulator responsible for overseeing the safety of Tesla's
advanced driver-assistance system called Autopilot, which they
found contributed to another fatal crash.
Virgin Galactic Plans to Resume Space-Tourism Sales
Virgin Galactic Holdings still plans to make its first
commercial space-tourism flight this year and took a step toward
resuming ticket sales for jaunts expected to cost upward of
$250,000.
SEC Investigating Mattel's Accounting
The toy maker said it resolved an accounting error after an
internal probe last year; SEC and federal prosecutors want a closer
look.
Disney CEO Bob Iger Steps Aside; Parks Chief to Take Helm
Bob Chapek, who has led Disney Parks, has been named Walt Disney
CEO, succeeding Bob Iger, who will stay on as executive
chairman.
Salesforce Co-CEO Block Steps Down
Salesforce.com said Co-Chief Executive Keith Block is stepping
down, leaving co-founder Marc Benioff in charge of the
business-software provider.
FanDuel Founders, Former Employees Sue Over Getting Nothing in Deal
FanDuel's founders and more than 100 former employees say the
company's board of directors and private-equity investors
intentionally undervalued the sports-betting operator to shut them
out of an acquisition deal.
JPMorgan Won't Shun the Fed's Discount Window Anymore
CEO James Dimon said the bank is open to tapping the Federal
Reserve's rainy-day fund.
Judge Approves Sale of Endurance Event Organizer Tough Mudder
A bankruptcy judge approved the sale of endurance event
organizer Tough Mudder Inc. to rival Spartan Race Inc. for $700,000
in cash as well as the assumption of at least $7.5 million in
liabilities.
FAA Proposes Safety Fix for Another 737 MAX Production Lapse
Boeing faces a new round of safety fixes before the grounded 737
MAX can return to the air, as the FAA targets assembly-line lapses
affecting shields to protect engine wiring during lightning
strikes.
(END) Dow Jones Newswires
February 25, 2020 21:15 ET (02:15 GMT)
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