News Highlights: Top Company News of the Day

Date : 08/21/2019 @ 2:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

 
Walmart Sues Tesla Over Solar Cells That Allegedly Sparked Fires 
 

Walmart is suing Tesla, alleging that some of the company's solar panels sparked roof fires at several of the retailer's locations, adding to the problems the electric car maker has had with its venture to power homes and stores.

 
China Resists Charge by Twitter, Facebook of Disinformation Effort 
 

China's government pushed back against moves by Twitter and Facebook to curb accounts the companies said were part of a state-sponsored disinformation campaign against Hong Kong protesters.

 
BlackRock Unit Gets Approval to Take Russia-Linked Firm's Stake in Cybersecurity Company 
 

A national-security panel that oversees foreign investment in U.S. businesses approved the transfer of a stake in cybersecurity company Cofense from a Russia-linked private-equity firm to funds managed by BlackRock.

 
Department-Store Woes Catch Up to Kohl's 
 

Kohl's reported its third consecutive decline in quarterly sales, though it said business improved toward the end of the period and it maintained its guidance for the year.

 
General Mills Names New CFO as It Continues to Reshape Its Portfolio 
 

Food manufacturer General Mills Inc. promoted its controller to the role of chief financial officer as the company continues to expand its portfolio of products in response to changing consumer tastes.

 
Madison Square Garden Shares Have Trouble Scoring 
 

Shares of Madison Square Garden, home to the New York Knicks basketball team, fell 9.3% in recent trading Tuesday, on track for the biggest single-day decline on record.

 
American Dream Mall Developers Put Up Other Mega Malls as Collateral 
 

Triple Five Group, which owns the Mall of America in Minnesota and West Edmonton Mall in Canada, has pledged nearly half of these properties as collateral for a $1.67 billion construction loan for the long-delayed project in East Rutherford, N.J.

 
Crown Resorts Profit Declines as VIP Business Falls 
 

Australian casino operator Crown Resorts said its net profit fell 28% in the year through June, reflecting a decline in its VIP business.

 
Judge Agrees to Delay Former Alstom Executive's Bribery Trial 
 

A federal judge granted former Alstom SA executive Lawrence Hoskins a brief reprieve from his upcoming trial, but rejected claims that his constitutional rights had been violated.

 
Lender Opposes Cash Use by Oil Company Oklahoma Merge 
 

Oklahoma Merge LP, which recently filed for bankruptcy with almost $100 million in debt, is grappling with its senior lender for control of more than $6 million in cash that the oil-and-gas producer said it needs to continue operating.

 
 

(END) Dow Jones Newswires

August 20, 2019 21:00 ET (01:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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