News Highlights: Top Company News of the Day

Date : 10/21/2019 @ 11:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

European Air Regulators Break From FAA on 737 MAX Timeline 

European air-safety regulators have officially shelved the idea of lifting the grounding of Boeing's 737 MAX jets simultaneously with the U.S., a setback to American regulators' desire for a coordinated global response.

Activist Investor Behind CSX Overhaul Sells Most of Its Stake 

The activist that shook up CSX Corp. has wound down most of its investment in the railroad operator, marking an end to a three-year saga that helped spur a massive overhaul of the U.S. railroad industry.

WeWork's Valuation Falls to $8 Billion Under SoftBank Rescue Offer 

WeWork's board is expected to meet tomorrow to weigh emergency-financing options including a takeover by SoftBank.

San Jose to Propose Turning PG&E Into Giant Customer-Owned Utility 

The most populous city served by PG&E hopes to persuade other cities and counties to line up behind the plan, which would strip PG&E of its status as an investor-owned company and turn it into a nonprofit, electric-and-gas cooperative.

Destination Maternity Files for Chapter 11 

Destination Maternity, the world's largest maternity-apparel retailer, filed for chapter 11 protection, the latest mall-based retailer to succumb to declining sales and changing consumer tastes.

Facebook to Identify State-Run Media 

Facebook is taking more steps to protect the integrity of the 2020 U.S. elections, including clearer identification of state-run media on its platform.

Boeing Shares Fall as Lawmakers, Regulators Press Company 

Investors are selling off shares in Boeing as the plane manufacturer was hit with downgroades and continues to face intense questions from regulators and elected officials about its safety practices and its grounded 737 MAX planes.

SAP Extends Cloud Partnership With Microsoft 

SAP has extended a cloud-services partnership with rival Microsoft, crediting it with driving sales.

Coty Wants to Shed Hair-Care, Beauty Brands 

Cosmetics maker Coty Inc. is looking to sell its hair-care and professional beauty businesses, a collection of brands that account for nearly a third of its annual revenue.

Last-Minute Opioid Deal Could Open Door to Bigger Settlement 

AmerisourceBergen, Cardinal Health, McKesson and Teva reached a $260 million settlement to avoid a trial seeking to blame them for fueling the opioid crisis.


(END) Dow Jones Newswires

October 21, 2019 19:00 ET (23:00 GMT)

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

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