News Highlights: Top Company News of the Day

Date : 12/06/2019 @ 10:15AM
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.

Uber Report Details Sexual Assaults in U.S. Over Two Years 

Uber Technologies said it received 5,981 reports of sexual assault involving U.S. passengers or drivers during 2017 and 2018, underscoring the risk that has been a chief criticism of ride-hailing companies around the world.

BlackRock Executive Ousted for Failing to Disclose Employee 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 an employee who reported to him.

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.

Biogen Details Case for Controversial Alzheimer's Drug 

Biogen tried to make the case for why two aborted studies of its experimental Alzheimer's disease drug support its plan to seek approval from U.S. regulators, but skeptics said they remained unconvinced that the drug is effective.

Smith & Wesson Parent Sees Higher Gun Sales 

American Outdoor Brands, Inc., the parent of Smith & Wesson, provided more evidence that demand for guns was stabilizing, with full-year sales and profit guidance that topped analysts' expectations

Skin- and Hair-Care Products Lift Ulta Beauty's Sales 

Ulta Beauty posted higher sales in the latest quarter, driven by strength in the cosmetics company's skin-care and hair-care categories.

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.

Overtime, Gen Z Sports Oasis, Looks to Raise $40 Million 

Overtime initially won notice for posting high-school game highlights and other sports videos on social platforms such as Instagram, YouTube and TikTok but has since expanded to long-form original shows, merchandising and live events.


(END) Dow Jones Newswires

December 06, 2019 05:00 ET (10:00 GMT)

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

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