News Highlights: Top Company News of the Day

Date : 11/13/2019 @ 6:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

How to Straighten Out SmileDirectClub 

Shares in SmileDirectClub plunged yet again on Wednesday morning after the teeth straightening company's outlook disappointed investors. But the negative sentiment could prove useful to bargain hunters.

Yahoo Japan in Talks Over Combining With Chat App Line 

Two Japanese internet leaders-news and shopping site Yahoo Japan and chat app Line-are in talks to combine, potentially expanding SoftBank's presence in online ads and payment apps in Japan.

Apple Dumps the Butterfly Keyboard on New MacBook Pro 

Apple introduced a 16-inch MacBook Pro, marking a new screen size as well as a departure from the problematic "butterfly" keyboard that triggered customer complaints and drove the company to offer an extended repair program.

When Antitrust Probes Hurt Competition 

Boeing's plans to buy Embraer's commercial planes have triggered a European antitrust probe, but fliers would be ill-served if the deal were stopped.

Google to Offer Checking Accounts in Big Tech's Latest Finance Push 

Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance.

Alibaba Seeks to Raise $13 Billion in Hong Kong Share Sale 

Alibaba applied for a secondary listing in Hong Kong, aiming to raise roughly $13 billion. The move gives the Asian financial hub a vote of confidence after monthslong demonstrations.

Unilever Names Former Maersk CEO as Chairman 

Unilever has tapped the former head of Danish shipping company A.P. Moller Maersk as its new chairman, the second big change in the consumer giant's top ranks in the past year.

Tencent Earnings Drop 13% as Rivals Intrude on Advertising Territory 

Chinese tech giant Tencent Holdings' profit slid as slowing economic growth at home and rising competition ate away in crucial areas such as advertising.

Apollo Global Funds to Buy Tech Data for $5.4 Billion 

Tech Data Corp. is being bought by an affiliate of funds managed by affiliates of Apollo Global Management Inc. for $130 a share, giving the transaction an enterprise value of $5.4 billion.

Apple Supplier Foxconn's Profit Gains Despite iPhone's Sales Drop 

The world's largest contract electronics maker's net profit rose 23.3% in the third quarter , beating expectations.


(END) Dow Jones Newswires

November 13, 2019 13:15 ET (18:15 GMT)

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

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