News Highlights: Top Company News of the Day

Date : 12/05/2019 @ 10:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Google Management Shuffle Points to Retreat From Alphabet Experiment 

Sundar Pichai's appointment as CEO of Google parent Alphabet Inc. effectively shifts the focus back on the company's advertising profit machine and away from its "moonshots" and other potential new businesses.

Twitter Sells Bonds at Low Rate 

Twitter sold its first-ever unsecured bonds on Thursday at a lower interest rate than initially expected, reflecting robust demand from investors drawn to the social-media company's ample cash flow.

Slack Gets Ahead of the News 

At least give Slack Technologies credit for not ignoring the elephant in the room. And Microsoft is an awfully big elephant.

Tiffany Dragged Down by Weak U.S. Demand 

Tiffany reported flat quarterly sales as softness in the U.S. market offset growth in mainland China, highlighting the challenges LVMH faces once it takes over the famed American jeweler.

BlackRock Executive Ousted for Failing to Disclose Personal Relationship 

Mark Wiseman, a potential heir to the top job at BlackRock, has been ousted from the money-management giant for failing to disclose a relationship with a colleague.

Aramco Valued at $1.7 Trillion in World's Biggest IPO 

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world's biggest-ever IPO.

Moncler Downplays Reports of M&A Talks With Kering as Shares Soar 

Moncler's main shareholder and chief executive Remo Ruffini threw cold water on reports that the company has held exploratory talks with French luxury-goods conglomerate Kering over a possible deal.

Glencore Faces Bribery Probe 

Britain's top financial cop said it is investigating Glencore for alleged bribery, sending shares of the mining and trading giant down almost 9%.

Sage Therapeutics Shares Plummet on Depression-Treatment Study Results 

Sage Therapeutics's share price was cut in half, erasing more than $4 billion in market value after the company said an experimental depression drug failed a Phase 3 trial.

United Airlines CEO to Step Down 

United Airlines said Chief Executive Oscar Munoz will become executive chairman in May, with President Scott Kirby taking the CEO post.


(END) Dow Jones Newswires

December 05, 2019 17:15 ET (22:15 GMT)

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

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