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
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)
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