News Highlights: Top Company News of the Day

Date : 12/11/2019 @ 10:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

JPMorgan Takes Aim at Rivals in Wealth Business Revamp 

JPMorgan Chase is taking a bigger swing at wealth management, revamping its business units in an effort to better compete with big-bank rivals such as Morgan Stanley.

Netflix Barred From Recruiting Fox Executives 

A California judge issued an injunction against Netflix prohibiting the streaming-video giant from trying to hire Fox television and film executives who are under contract.

Toyota's North America Chief to Retire 

Jim Lentz, the chief executive of Toyota Motor's North American operations who played a visible role during a safety crisis earlier this decade, will retire. The auto maker named Tetsuo "Ted" Ogawa as the region's new CEO.

Former Executive at Credit Suisse Venture Says She Was Spied On 

Colleen Graham told a U.S. labor court she was retaliated against over an accounting issue, a claim Credit Suisse denies.

Despite Gaps, Philadelphia Refinery's Chapter 11 Outline Gets Court OK 

Philadelphia Energy Solutions, the operator of an urban oil refinery that in June released thousands of pounds of deadly chemicals into the air of one of the country's largest cities, won bankruptcy court approval Wednesday of a gap-filled outline of its restructuring proposal.

Home Depot Gives Cautious Outlook for 2020 

Home Depot forecast same-store sales for the next fiscal year that were below Wall Street's expectations as the company waits to see investments in its supply chain, stores and digital offerings pay off.

Nestlé to Sell U.S. Ice Cream Business to Joint Venture 

Nestlé, whose brands include Nestlé Ice Cream, Häagen-Dazs and Dreyer's, said it is selling its U.S. ice cream business to a joint venture the company helped form.

GameStop's Long Waiting Game 

The game retailer's sales plunge as market awaits new Xbox and PlayStation consoles.

FAA Review Saw High Risk of Boeing 737 MAX Crashes 

U.S. regulators decided to allow Boeing's 737 MAX jet to keep flying after its first fatal crash last fall even after their own analysis indicated it could become one of the most accident-prone airliners in decades without design changes.

Aramco Shares Rise 10% After World's Biggest Listing 

Saudi Aramco shares jumped in Riyadh, quickly touching their upward limit, as investors rushed to buy a piece of the world's largest initial public offering.


(END) Dow Jones Newswires

December 11, 2019 17:00 ET (22:00 GMT)

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

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