News Highlights: Top Company News of the Day

Date : 11/20/2019 @ 10:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

General Motors Files Racketeering Lawsuit Against Fiat Chrysler 

General Motors filed a federal racketeering lawsuit against Fiat Chrysler Automobiles and a handful of former executives at the Italian-American auto maker.

U.S. Begins Granting Exemptions to Huawei Blacklist 

The Trump administration has allowed some U.S. suppliers to Huawei to resume shipping to the Chinese telecom giant, easing export restrictions while negotiators struggle to work out the first phase of a trade deal.

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.

Swedbank May Have Breached US Sanctions Against Russia, SVT Reports 

The Stockholm-based badnk may have violated U.S. sanctions against Russia by facilitating the transfer of about 10 million Swedish kronor ($1 million) from gun maker Kalashnikov to a U.S. subsidiary in Florida, according to a report by the Swedish state broadcaster.

Wirecard Shares Drop on Lack of Audit Opinion for Singapore Arm 

The German electronic-payments company's accounting practices in Asia are under investigation, and the stock fell after it emerged that an auditor hadn't fully signed off on its Singapore arm's most recent accounts.

GDPR Decision on WhatsApp Delayed Over Company's Concerns 

A decision in Ireland's privacy investigation into Facebook's WhatsApp has been delayed because the company's lawyers raised concerns about how the regulator will share potentially sensitive commercial data with authorities in other European countries.

Ride-Hailing App Juno Enters Bankruptcy, Blaming Wage Law 

New York ride-hailing business Juno USA LP filed for bankruptcy protection, blaming its demise on minimum wage regulations and mounting lawsuits from drivers, riders and competitors.

Qualcomm Stacks All Its Chips on 5G 

Qualcomm expects its chipset business to drive future growth as licensing is expected to remain flat.

Boeing Loses Crucial Orders for New 777X Jet From Emirates 

Emirates Airline is reducing its order for Boeing's embattled 777X jet and buying the smaller 787 Dreamliner instead, in the latest setback for the U.S. manufacturer's newest plane.

Lowe's Reports Higher Profit, to Close 34 Canadian Stores 

Lowe's reported another quarter of soft sales but raised its adjusted full-year earnings targets and said it would trim its store fleet in Canada as part of the home-improvement chain's broader turnaround.


(END) Dow Jones Newswires

November 20, 2019 17:00 ET (22:00 GMT)

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

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