News Highlights: Top Company News of the Day

Date : 11/13/2019 @ 4:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Google's 'Project Nightingale' Triggers Federal Inquiry 

Google's project with the country's second-largest health system to collect detailed information on 50 million American patients sparked a federal inquiry and criticism from patients and lawmakers.

Nike to Stop Selling Directly to Amazon 

Nike said it would stop selling its clothes and sneakers directly to, an about-face for the sportswear brand.

Overstock Shares Hit Seven-Year Low as SEC Expands Investigation 

Overstock shares hit the low after the online retailer disclosed that a government investigation has widened to focus on the stock plans of some of its executives.

Tesla to Build European Car Plant in Berlin Area 

Tesla Chief Executive Elon Musk said the auto maker would build a planned European plant to assemble electric vehicles in Germany.

Apple TV+ in Talks to Add Ex-HBO Chief to Producer Lineup 

Former HBO Chairman and Chief Executive Richard Plepler is in advanced talks to sign an exclusive production deal with Apple's new TV+ streaming service, according to a person familiar with the matter.

Russia's Sberbank Names Former Rusal CEO as Finance Chief 

The appointment of Alexandra Bouriko, who is expected to join Moscow-based Sberbank on Jan. 1, comes as Russian banks are experiencing heightened domestic demand for loans as U.S. sanctions force Western banks to sever ties with some Russian clients.

Major Midwest Hospital Systems Call Off Planned Merger 

Two Midwestern hospital giants became the latest to break off merger talks, another drag on deal making across the $1 trillion hospital sector.

AbbVie Sells $30 Billion of Bonds 

AbbVie sold $30 billion of bonds Tuesday to help fund its acquisition of Allergan, in the fourth-largest investment-grade debt sale on record.

SmileDirectClub Posts Losses on Sales, Marketing Spending 

SmileDirectClub posted wider losses in the latest quarter as the company continued to spend heavily on marketing and sales, as well as other expenses.

China's Cosco Pours More Money Into Greek Port 

Chinese shipping giant Cosco Group plans to invest around $1 billion in Greece's Port of Piraeus to help turn the site into a main entry point for China's exports to Europe.


(END) Dow Jones Newswires

November 12, 2019 23:15 ET (04:15 GMT)

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

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