News Highlights: Top Company News of the Day

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

News Highlights: Top Company News of the Day

Chevron, Facing Fossil Fuels Glut, Takes $10 Billion Charge 

The move is a concession that in an age of oil and gas overabundance, some energy assets will not be profitable anytime soon.

Amazon Sees Need for Boosting Technical Skills of Its Workforce 

When Amazon's top human-resources executive considers the skills the retail giant might need in its workforce going forward, she has a quick answer.

AutoZone Races Toward Record, Fueled By Strong Earnings 

Shares of AutoZone surged Tuesday toward an all-time high after the distributor of automotive replacement parts and accessories reported higher-than-expected sales and profits.

PG&E Judge Floats Offer to Postpone Ruling on Insurance Deal 

The judge overseeing PG&E Corp.'s bankruptcy has offered to postpone a ruling on an $11 billion settlement with insurance companies and big investors, as the company tries to win support from California Gov. Gavin Newsom on its strategy to get out of chapter 11.

Saudi Aramco Sounds Out Investors on Asia IPO 

Saudi Arabia still hopes to attract the foreign capital it failed to draw with its record-breaking domestic IPO.

New York Life in Talks to Buy Cigna Unit for Up to $6 Billion 

New York Life is negotiating with Cigna to acquire a unit that sells life, accident and disability-income insurance to employers.

University of Phoenix Settles Deceptive Advertising Claims for $191 Million 

The University of Phoenix has agreed to pay $191 million to settle Federal Trade Commission charges that it used deceptive marketing to recruit students by touting relationships with high-profile companies.

Apollo Made Bid for Tenneco's Powertrain Unit 

The private-equity firm's offer is valued at $4.3 billion including adjustments and excluding certain liabilities, but Tenneco is likely to reject it.

Facebook Rebuffs Barr, Moves Ahead on Messaging Encryption 

Facebook said it would move forward with plans to add encryption across its messaging platforms, rejecting the attorney general's plea to allow some form of government access to those services over public safety concerns.

Netflix Says 26.4 Million Users Watched 'The Irishman' 

Some 26.4 million Netflix subscribers around the world watched the Martin Scorsese movie "The Irishman" in its first week on the streaming service, a little more than half the number who watched its most successful original film, last year's "Bird Box," in a similar period.


(END) Dow Jones Newswires

December 10, 2019 19:15 ET (00:15 GMT)

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

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