News Highlights: Top Company News of the Day

Date : 11/09/2018 @ 8:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Tesla Employee Indicted in Alleged Embezzlement Scheme 

A federal grand jury indicted a former Tesla Inc. employee accused of engaging in a $9.3 million embezzlement scheme by impersonating a car parts supplier.

Lampert's ESL Fires Back at Sears Creditors 

Former Sears Chief Executive Edward Lampert's ESL Investments has shot back at allegations made by unsecured creditors in their call for a deeper look at the debt transactions tied to the firm.

GE Shares Still Haven't Hit Bottom, JPMorgan Warns 

The industrial conglomerate's shares tumbled again Friday after analysts at JPMorgan sharply cut their price target on the stock, underscoring the deepening questions on Wall Street about the company's true worth.

Juul to Stop Sales of Most Flavored E-Cigarettes in Retail Stores 

Juul Labs Inc., the fast growing e-cigarette company, has decided to stop selling most of its flavored nicotine liquids at bricks-and-mortar retail stores, according to people familiar with the matter.

Sears to Close Another 40 Stores 

Sears Holdings is closing another 40 stores as the once-dominant retailer continues to shrink and wind its way through bankruptcy proceedings.

Keystone XL Faces Uncertain Future After Judge Blocks Permit 

A ruling blocking the Trump administration's approval of the Keystone XL pipeline further clouds the future of a project that has faced a decade of delays due to opposition from environmentalists, landowners and Native Americans.

Elliott, Vivendi Need to End Their Italian Feud 

Hedge fund Elliott Management's big bet on Telecom Italia is misfiring badly, but its increasingly bitter rival for control of the Italian telecommunications company is losing even more.

Gab to Rein In Calls for Violence While Allowing Hate Speech 

Gab, a social media platform in the spotlight after the Pittsburgh synagogue shooting, is pledging to curb threats of violence while it said it would remain a platform where hate speech is permitted.

Alibaba Is Likely to Set Singles Day Sales Record 

A slowing Chinese economy, weakening consumer sentiment and a trade fight with the U.S. aren't likely to spoil Singles Day for Alibaba.

Goldman Sachs's Ex-CEO Met Malaysian at Center of 1MDB Scandal 

Former Goldman Sachs Chief Executive Lloyd Blankfein attended two meetings with Malaysian financier Jho Low, who is at the center of the 1MDB scandal. The second meeting occurred after the Wall Street bank's compliance department had raised multiple concerns about the financier's background and said the bank shouldn't do business with him.


(END) Dow Jones Newswires

November 09, 2018 15:00 ET (20:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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