News Highlights: Top Company News of the Day

Date : 12/12/2019 @ 2:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

FAA Probes Alleged Production Issues at Boeing Plant 

The Federal Aviation Administration said it is investigating alleged production issues at a Boeing factory near Seattle, where the plane maker assembles the 737 MAX.

Fiat Chrysler Workers Approve New Contract, Ending Detroit Labor Talks 

A lengthy round of labor talks in Detroit has ended after the United Auto Workers said it secured a new four-year contract with Fiat Chrysler, the last of three deals negotiated this year by the union.

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.

Harold Hamm, Shale Pioneer, Steps Down as CEO of Continental Resources 

Continental Resources Inc., the oil-and-gas production company, has named William Berry as chief executive, succeeding Harold Hamm, who was appointed executive chairman.

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.

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.

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.

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.


(END) Dow Jones Newswires

December 11, 2019 21:15 ET (02:15 GMT)

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

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