News Highlights: Top Company News of the Day

Date : 09/11/2019 @ 6:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

As Juul Moves Abroad, It's Leaving Some of Its U.S. Restrictions Behind 

As Juul Labs Inc. expands its e-cigarettes internationally, it hasn't placed the same restrictions on sales to combat underage vaping in Asia and other markets around the world as it has in the U.S.

HSBC Looks to Unload French Retail Bank 

The move to reduce its footprint in Europe would be one of its first strategic actions under new interim Chief Executive Noel Quinn.

GM Recalls 3.5 Million Trucks, SUVs Over Brake Defect 

GM is recalling about 3.5 million 2014-2018 model-year trucks and SUVs in the U.S. to fix a problem that makes it harder for drivers to apply the brakes.

Nissan Management Withholds Full Ghosn Report From Board 

Nissan Motor's management has yet to give its board the complete 170-page report detailing alleged wrongdoing by former Chairman Carlos Ghosn, drawing complaints from some directors.

Hong Kong Stock Exchange Makes $36.6 Billion Offer for London Rival 

A deal would unite two of the world's major stock exchanges when both regions are under political pressure, with Hong Kong reeling from a summer of violent protests and London gripped by political paralysis.

Mexican Government Gives Pemex $5 Billion Capital Injection 

The Mexican government plans to give state oil company Petroleos Mexicanos a $5 billion capital injection to lower debt and help stabilize the company's finances, the Finance Ministry said.

A New Land Rover Drops, and Other Scenes From the Auto Show 

Digital displays, electric vehicles and talk of China's slowing auto market dominated the 2019 IAA Frankfurt Motor Show, but the return of the Land Rover Defender made a big impression.

California Governor Still in Talks With Uber, Lyft Over Gig Workers Law 

California Gov. Gavin Newsom said he still hopes to reach a deal with ride-sharing giants Uber and Lyft over the status of their drivers under landmark employment legislation headed toward passage this week in the state legislature.

Why WeWork Is Struggling to Sell Its Story to Investors 

WeWork's parent, We Co., has raised billions of dollars from private investors, including SoftBank Group Corp. at a $47 billion valuation. The shared-office company is having a harder time convincing potential public-market investors it's worth even half that much ahead of planned IPO.

Retail Bankruptcies Rise, Store Closures Jump in First Half of 2019 

The pace of retail bankruptcies and store closures in the U.S. has accelerated so far this year compared with 2018, due in part to last year's lackluster holiday shopping season, a new report finds.


(END) Dow Jones Newswires

September 11, 2019 13:15 ET (17:15 GMT)

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

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