News Highlights: Top Company News of the Day

Date : 10/17/2019 @ 1:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Alcoa Plans Up to $1 Billion in Asset Sales Amid Growth Fears 
 

The aluminum producer may close facilities over the next few years as it grapples with slowing economic growth.

 
IBM Earnings Fall in Prolonged Sales Slump 
 

IBM's profit fell 38% as it suffered its fifth consecutive quarter of lower sales.

 
Netflix Subscribers Fall Slightly Short of Expectations 
 

Netflix missed its subscriber target for the second consecutive quarter, a performance that comes as two big competitors are set to enter the streaming-video field.

 
SharkNinja and iRobot's Vacuum Dispute Lands in Federal Court 
 

SharkNinja Operating LLC and iRobot Corp. are suing each other over the technology that powers their vacuum-cleaning robots that can map and adapt to a home's floor plan-and empty their own dust bins.

 
Murray Energy and Lenders Extend Forbearance Period 
 

Murray Energy said it has reached an agreement with lenders to extend a forbearance pact to Oct. 28 as talks continue on the terms of a restructuring deal.

 
Workday Casts a Large Cloud 
 

Comments from the normally cautious cloud company spark more worry about growth for the expensive sector

 
J&J Offers $4 Billion Opioid Litigation Settlement 
 

Johnson & Johnson has offered to pay about $4 billion to settle all lawsuits in the U.S. accusing the company of contributing to the opioid-addiction epidemic, according to people familiar with the matter.

 
UAW, GM Reach Tentative Labor Deal 
 

The United Auto Workers struck a tentative labor deal with General Motors, a critical step in ending a monthlong strike that has brought more than 30 GM factories in the U.S. to a standstill.

 
Amazon's Deliveroo Investment Attracts Formal U.K. Probe 
 

Britain's antitrust watchdog has launched a formal probe into Amazon.com's investment into Deliveroo, a British food-delivery startup.

 
Walmart and Mattel Lease 'Floors' in a Virtual Toy Store 
 

Mattel and Walmart are trying out interactive video to market and sell toys through a new virtual store called KidHQ.

 
 

(END) Dow Jones Newswires

October 16, 2019 21:15 ET (01:15 GMT)

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


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