News Highlights: Top Company News of the Day

Date : 11/20/2019 @ 12:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Target Extends Its Sales Streak 

Target posted another quarter of rising sales, saying it continues to draw more shoppers and capture spending both in its stores and online.

Lowe's Reports Higher 3Q Profit 

The home-improvement retailer reported higher third-quarter earnings and lower sales as it said it would close 34 underperforming stores in Canada following a strategic review.

Apple Music Gets Into the Muzak Business 

Apple Music has been quietly piloting a version of its music-streaming service for businesses including and Harrods stores.

Lucky Eights Power Alibaba's Blockbuster Share Sale 

Chinese e-commerce giant Alibaba has pulled off a blockbuster Hong Kong stock sale even as protests rage in the city-raising $11.2 billion in a deal packed with auspicious numbers.

Bank Accused of Breaching Money Laundering Laws-More Than 23 Million Times 

Westpac, Australia's second-largest bank, has been accused of the biggest breach of the country's money laundering and terrorism financing laws in history, including failing to detect transfers that may have been used to facilitate child exploitation.

Carl Icahn Placing a Big Bet Against Mall Owners 

Investors have lost hundreds of millions of dollars wagering that struggling mall owners won't be able to pay their debts. Those losses haven't deterred Carl Icahn from making the same bet.

Fed Approves BB&T, SunTrust Banks Merger 

The Federal Reserve Board approved the merger of regional lenders BB&T and SunTrust Banks. The deal has been valued at over $28 billion, making it the largest bank deal since the financial crisis.

Kirin's Lion Little World To Buy Craft Brewer New Belgium 

The Australia-based brewer, a subsidiary of Japan's Kirin Holdings, is obtaining brands including Fat Tire Amber Ale and Voodoo Ranger IPA.

Macy's Reports Data Breach Affecting Small Number of Customers 

Macy's said customer data may have been stolen from its website over a roughly one-week period in October.

General Motors Shielded From Punitive Damages on Ignition Switches 

The new company that emerged from GM's government-brokered bankruptcy a decade ago can't be liable for punitive damages based on actions taken by its corporate predecessor, according to the U.S. Court of Appeals for the Second Circuit in New York.


(END) Dow Jones Newswires

November 20, 2019 07:15 ET (12:15 GMT)

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

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