News Highlights: Top Company News of the Day
California Governor Calls for Refunds From PG&E After Blackouts
California state officials lambasted PG&E for its handling
of last week's planned power shutdown, with a regulator ordering
corrective action and Gov. Gavin Newsom calling for rebates to
Uber Shedding About 350 Jobs to Shore Up Business
The ride-hailing company says the cuts will hit its
food-delivery service Uber Eats and autonomous-driving unit, among
Harley-Davidson Halts Electric Motorcycle Production
Harley-Davidson has stopped production and deliveries of its
first electric motorcycle after discovering a problem related to
the vehicle's charging equipment, a setback for a product the
company is counting on to revive sales.
Facebook's Currency Already Was Devalued
The social network's image problem tarnished libra's coin from
Barneys' New Suitor Seeks Tie-Up With Saks
Authentic Brands, the owner of about 50 brands including Nine
West and Aéropostale, is preparing a nearly $270 million bid for
Barneys with plans to license the brand to Saks Fifth Avenue.
Boeing's New Chairman Is a Boardroom Force Familiar With Crises
Boeing's boardroom shakeup puts David Calhoun, a powerful
behind-the-scenes figure, in position to control the aerospace
giant's response to the 737 MAX crisis, one of the most fraught
episodes in the company's history.
SoftBank Seeks WeWork Control Via Financing Package
SoftBank has prepared a financing package that would give it
control of WeWork and further sideline its founder Adam Neumann in
exchange for relieving the shared-office startup's looming cash
crunch, according to people familiar with the matter.
SmileDirectClub Shares Hit Low After California Bill
The legislation includes language threatening to make it tougher
for the state's residents to buy from the teeth-straightening
Johnson & Johnson's Legal Challenges Mount
Johnson & Johnson, facing lawsuits from more than 100,000
plaintiffs over its product safety and marketing tactics, has taken
the aggressive strategy of battling many of the cases in court. And
it is losing. A lot.
Deere Ramps Up Leases as Sales Slow
Deere is spending billions of dollars annually to buy its own
equipment for a leasing program, which lifts sales of new farm
tractors and construction machinery, but adds financial complexity
and weighs on the used-equipment market.
(END) Dow Jones Newswires
October 14, 2019 23:15 ET (03:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.