News Highlights: Top Company News of the Day

Date : 09/16/2019 @ 4:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Amazon Changed Search Algorithm in Ways That Boost Its Own Products 

The e-commerce giant overcame internal dissent from engineers and lawyers, people familiar with the move say. The previously undisclosed change, which could help other products, too, risks further antitrust scrutiny.

Saudi Officials Consider Delaying Aramco IPO After Attacks 

Saudi Arabian officials are discussing delaying Aramco's initial public offering, after attacks on the company's largest oil facilities sidelined more than half of the kingdom's output, people familiar with the matter said.

United Auto Workers Go on Strike at GM's U.S. Factories 

Factory workers at General Motors went on a nationwide strike, in the United Auto Workers' largest work stoppage in more than a decade.

Endeavor Group Could Raise $712 Million in IPO 

Endeavor Group plans to raise as much as $712.3 million in its initial public offering, the entertainment company said.

OxyContin Maker Purdue Pharma Files for Bankruptcy 

Purdue Pharma filed for bankruptcy protection with a partial deal aimed at resolving thousands of lawsuits filed by states and local municipalities accusing it of fueling the opioid crisis.

Banks Warm to Mortgage Bonds That Burned Them in 2008 

Lenders all but gave up on packaging mortgages into securities and selling them after the financial crisis. But now banks like Citigroup, Goldman Sachs and Wells Fargo are getting back in.

Activists Bark Loudly With Smaller Bites 

The phenomenon of cantankerous shareholders staking their claim on very large companies with ever smaller interests has grown, but in many cases it isn't clear if companies would have taken decisions on their own accord.

Boeing's Board to Weigh Engineering, Safety Changes After MAX Crashes 

Boeing's board is expected to consider revamping the aerospace giant's engineering department as among the first tangible internal changes following two deadly crashes of its 737 MAX airliner.

Brand-Protection Startup Red Points Hires Dual CFO-COO 

Red Points Solutions SL, a Barcelona-based software-as-a-service company, has hired its first finance and operations chief, a hybrid position that will focus on adding staff in the U.S. and managing the company's data operation.

Osram Overlooks Concerns to Recommend Ams Takeover Offer 

Osram Licht has recommended that its shareholders accept Ams's EUR4.3 billion takeover offer despite expressing concerns about the Austrian semiconductor company's strategy and ability to manage the takeover.


(END) Dow Jones Newswires

September 16, 2019 11:15 ET (15:15 GMT)

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

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