News Highlights: Top Company News of the Day

Date : 10/22/2019 @ 5:30AM
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.

 
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.

 
State Attorneys General, Antitrust Experts Mull Legal Grounds for Building Facebook Case 
 

State attorneys general, federal investigators and public policy and antitrust experts met in New York to discuss legal strategies that might be used in bringing a case against Facebook.

 
Buyout of Berkshire Hathaway Insurance Unit Under Scrutiny 
 

A former insurance subsidiary of Warren Buffett's Berkshire Hathaway sparred with the California Department of Insurance about whether its recent sale violated state insurance regulations.

 
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.

 
PG&E Warns of Potential Second Planned Blackout 
 

Californians are facing a potential second round of pre-emptive power outages, with the state's largest utility working to prevent its equipment from sparking wildfires. Hot, gusty winds are forecast later this week.

 
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.

 
Destination Maternity to Close About 210 Stores in Bankruptcy 
 

Destination Maternity filed for chapter 11 protection and plans to close about 210 underperforming locations, bowing to declining sales brought on by online competition, changing consumer behaviors and falling pregnancy rates in the U.S.

 
Venezuela Can Afford Payment to Keep Control of Citgo, Creditor Lawyer Says 
 

Venezuela can afford to make a payment to bondholders next week, avoiding a $913 million debt default that would cost the country control of Citgo Petroleum Corp., according to a lawyer for creditors circling the Houston-based refiner.

 
SAP Extends Cloud Partnership With Microsoft 
 

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

 
 

(END) Dow Jones Newswires

October 22, 2019 01:15 ET (05:15 GMT)

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


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