News Highlights: Top Company News of the Day

Date : 11/19/2019 @ 8:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Alibaba's $13 Billion Hong Kong Share Sale Already Multiple Times Subscribed 

Alibaba will stop collecting orders early for its roughly $13 billion Hong Kong stock sale due to strong investor demand for its shares.

Tesla Powers Up Its Big Australian Battery 

The world's largest battery is about to get even bigger, with Tesla set to boost the capacity of its southern Australia lithium-ion operation by 50% to provide additional stability to the power grid.

Trump Administration Extends Rural Telecoms' License for Huawei Gear 

The Commerce Department extended a license allowing rural U.S. telecom providers to continue working with Chinese equipment maker Huawei, despite national-security-related restrictions imposed six months ago.

FedEx Closes Pension Plan to New Hires 

FedEx is closing its pension plan to new U.S. hires starting next year, joining the ranks of large U.S. companies phasing out guaranteed retirement benefits.

Tata Steel to Cut 3,000 Jobs Across Europe 

Tata Steel said it is planning to cut 3,000 jobs across Europe, as it looks to make its European business self-sustaining.

FTC Says Several Tech Antitrust Probes Are Under Way 

The Federal Trade Commission is pursuing several antitrust probes into online platforms, the agency said, suggesting a broader review of the technology sector than previously known.

AmEx Is Paying Up to Get Businesses to Accept Its Cards 

American Express is offering bonuses ranging from less than $10,000 to about $450,000 to businesses that start taking its cards, an effort to catch up with Visa and Mastercard.

Lawmakers Slam Trump for Delaying Proposed Vaping Restrictions 

President Trump's decision to hold off on a possible ban of flavored e-cigarettes drew a harsh response from some members of Congress, who accuse the White House reversing course after a lobbying push.

State, Feds Push Back Against PG&E Bid to Estimate Wildfire Claims 

California's largest utility wants most of the claims government agencies filed against it in bankruptcy court included as part of a court proceeding designed to put a lid on its exposure to damage caused by wildfires.

Ford's Big Bet: New Electric SUV to Wear Mustang Logo 

Ford is expanding the Mustang nameplate beyond its traditional two-door sports car and unveiled a new all-electric SUV to be called the Mustang Mach-E.


(END) Dow Jones Newswires

November 19, 2019 03:15 ET (08:15 GMT)

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

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