News Highlights: Top Company News of the Day

Date : 10/17/2019 @ 9:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Saudi Aramco Delays IPO 

Saudi Aramco has postponed the launch of what is expected to be the world's largest initial public offering from November to December or January.

HBO Max to Stream Studio Ghibli Films 

Films from Japanese animation producer Studio Ghibli will be available on WarnerMedia's new streaming service, HBO Max, in the spring.

Zuckerberg Defends Free Speech Amid Calls for Tighter Controls 

In a rare policy speech that could have ramifications for the U.S. presidential campaign and social movements world-wide, the Facebook CEO asserted his commitment to free speech over more aggressive policing of social-media platforms.

IBM's New Hat Doesn't Cover Old Problems 

The folks at Red Hat will probably never feel unloved by their new adoptive parent.

J&J to Pay $117 Million Over Surgical Device Marketing 

Johnson & Johnson and its subsidiary Ethicon have reached a settlement of about $116.9 million with 41 states and the District of Columbia for allegedly misleading marketing of transvaginal surgical-mesh devices.

Renault Trims Revenue Outlook as Sales Slow, Costs Rise 

Renault cut its revenue and operating-margin guidance for the year, citing slumping sales outside Europe and higher costs associated with developing cleaner car models.

Legal Troubles at Exelon Weigh on Utilities Stocks 

The U.S. nuclear industry has struggled in recent years with competition from cheap natural gas-fired power plants.

Schwab to Allow Investors to Buy and Sell Fractions of Stocks 

Charles Schwab will let investors buy and sell fractions of shares in coming months as part of an effort to attract younger clients.

UAW's New GM Pact Wins on Wages, Health Care and Temporary Workers 

The United Auto Workers scored major wins on wages, health care and temporary workers in its new tentative labor pact with General Motors.

CSX, Union Pacific Battle to Win Back Customers 

CSX and Union Pacific are running faster railroads and operating more efficiently. They have a bigger challenge ahead in winning over more shippers that remain skeptical after years of subpar service.


(END) Dow Jones Newswires

October 17, 2019 17:15 ET (21:15 GMT)

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

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