News Highlights: Top Company News of the Day

Date : 09/18/2019 @ 4:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Creditor Group Dismayed by Cash Burn Wants 'Old Sears' to Liquidate 

A group of Sears Holdings Corp.'s creditors say the remaining part of the retailer's estate left behind in bankruptcy is so low on cash that it should be liquidated under chapter 7.

Juul Faces Subpoena Threat Over Documents 

The leader of a House subcommittee investigating Juul Labs says the e-cigarette maker hasn't turned over documents it requested and warned that the committee could issue a subpoena demanding them.

Facebook Jumps on the Streaming Bandwagon With New Portal Device 

Facebook is getting into the streaming game, launching a new set-top version of its Portal device that adds to the company's bet that the future of smart homes will be social.

General Mills Hurt by Weaker Demand for Snacks, Meals 

General Mills said sales of snacks, meals and baking products weakened in the U.S. in its latest quarter, dragging down overall revenue.

Huawei Suspended From International Cybersecurity Forum After U.S. Ban 

Huawei Technologies has been suspended from membership in a global trade group of companies, governments and experts set up to tackle computer security breaches.

Google, Facebook Cozy Up to Publishers as Regulators Circle 

Tech giants are making concessions long sought by news publishers whose business has been hurt by the platforms' dominance, moves some see as an effort to pre-empt potential regulatory backlash.

Need a Loan? Equifax Plans to Sell More Utility, Phone Records 

Equifax will soon give consumers the option to let lenders review their electric, phone and cable payment information, a move aimed at providing lenders more data to determine whether to approve loan applicants.

GM's Big Fight for Flexibility 

Following its bankruptcy and government bailout in 2009, General Motors is under intense pressure to show it can cruise through the next downturn without too much damage.

Justice Department Backs Legal Effort Against California's Retirement Plan 

The U.S. Department of Justice is backing a lawsuit that seeks to invalidate California's state retirement plan, taking aim at states sponsoring retirement savings plans for people who lack access to one at work.

Aramco IPO: Risk Is Part of the Equation 

The attack on Aramco's facilities delayed its IPO but shouldn't make it impossible if the seller and buyers are ready to price in new risks.


(END) Dow Jones Newswires

September 18, 2019 11:15 ET (15:15 GMT)

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

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