News Highlights: Top Company News of the Day

Date : 12/06/2019 @ 8:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Trump Administration Weighs Putting Amazon Foreign Sites on 'Notorious Markets' List 

The Trump administration is considering putting some of Inc.'s overseas operations on a list of global marketplaces known for counterfeit goods, according to people familiar with the matter.

Deutsche Bank Agrees to Pay EUR15 Million in Money-Laundering Probe 

The investigation that featured a high-profile raid of the bank's Frankfurt headquarters in November 2018 is now closed.

Big Lots Shares Rise on 3Q Results 

Shares of Big Lots rose after the company posted third-quarter profit, driven by its sale of a distribution center in Rancho Cucamonga, Calif., as well as lower losses on an adjusted basis.

Used Car Retail Startup Vroom Valued at $1.5 Billion in Latest Funding 

Vroom, a used car marketplace and delivery startup, was valued at $1.5 billion in a new financing, according to a person familiar with the matter.

Facebook in Talks to Add More New York Office Space 

Facebook is in talks to lease a landmark Manhattan building in a deal that would make it one of New York's largest corporate tenants and would help offset the lack of Amazon's second headquarters earlier planned for the city.

When to Buy Into Aramco 

Global investors likely have a long wait before the Saudi oil giant's expensive shares are priced at a more normal level.

Michael Dell's Money Managers Change How His Wealth Is Invested 

MSD Capital, Michael Dell's $16 billion family office, is pulling back from active stock-picking. Co-founder Glenn Fuhrman is leaving at year-end.

Peloton Backlash: Controversy Over Ads Often Is Short-Lived 

If the recent history of consumer backlashes against Nike, Gilette and Pepsi are any guide, Peloton shouldn't expect lasting damage from social-media outcry over the fitness-equipment maker's holiday ad.

DAZN Gives Away Content to Punch Up Subscriber Base 

The sports-streaming service DAZN has a contrarian approach to attracting new subscribers: Create original content and put it on other platforms free of charge.

Disney in Japan Apologizes for Influencers' Tweets on 'Frozen 2' 

Walt Disney's Japan unit apologized after artists it hired to endorse its "Frozen 2" movie on Twitter failed to label the tweets as promotional.


(END) Dow Jones Newswires

December 06, 2019 15:15 ET (20:15 GMT)

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

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