News Highlights: Top Company News of the Day

Date : 09/20/2019 @ 2:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Apple's Triple Shot May Add Some Kick 

By all accounts, Apple is expected to have another dud year of iPhone sales. Ironically, that may work out well for the company as its three new phones hit stores on Friday.

Brazil Police to Announce Criminal Charges Against 7 Vale Employees in Dam Collapse 

Brazilian police will announce criminal charges Friday against Vale and its German safety auditor TÜV SÜD over the miner's deadly dam collapse in January, with seven Vale individuals and six employees from TÜV SÜD to face charges.

Goldman, China's Sovereign-Wealth Fund Invest in U.S. Manufacturing 

China's sovereign-wealth fund has started investing in the U.S. manufacturing sector through a joint venture with Goldman Sachs, but warned it would be more cautious about the American market because of the trade war.

Japan's Mitsubishi Says Rogue Oil Trader Lost $320 Million 

Japan's Mitsubishi said a subsidiary has lost about $320 million on energy derivatives, after a rogue employee in Singapore entered into secret unauthorized trades and then lost money as crude prices fell.

Nintendo Seeks to Sustain Switch Sales With Stripped-Down Console 

Nintendo introduced a stripped-down Switch console, meant to keep up the line's momentum in its third holiday season, as the videogame maker seeks to widen the Nintendo brand's global presence.

Market for Illicit Vaping Products Flourishes Online 

As concerns about the health hazards of vaping mount, a market for cannabis-vaping products and the tools to create counterfeits is thriving online on big tech platforms like Amazon and Facebook.

Bondholders Stranded as HNA-Backed Airport Defaults 

In a departure from HNA Group's record of paying back international bondholders despite its financial constraints, an airport partly owned by units of the Chinese conglomerate has failed to repay holders of its dollar bonds on time.

DeVos Family Office Affiliate to Buy Stake in Nordic Capital 

The booming market for buyout firm stakes has a new entrant: the DeVos family office.

China Detains Former U.S. Air Force Pilot Flying for FedEx 

Chinese authorities have detained a FedEx pilot in the city of Guangzhou, elevating pressure on the company, which is already in Beijing's crosshairs amid a U.S.-China trade war.

Zuckerberg Meets With Trump, Faces Tough Questions from Senators 

With his company under a regulatory spotlight, Facebook's Mark Zuckerberg scored a meeting at the White House Thursday-but faced a chillier reception from lawmakers on Capitol Hill.


(END) Dow Jones Newswires

September 20, 2019 09:15 ET (13:15 GMT)

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

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