News Highlights: Top Company News of the Day

Date : 12/12/2019 @ 8:30AM
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.

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.

Huawei Strikes German 5G Deal Despite Political Pushback 

China's Huawei secured a commitment to build part of Germany's 5G infrastructure, strengthening its position in Europe's largest economy despite calls from lawmakers to bar it.

Disney Accused of Snow Job Over 'Frozen 2' Tweet Apology 

Japanese artists hired by Disney to promote "Frozen 2" on Twitter said they were instructed to hide that they were paid for the work, contradicting Disney's initial explanation that the omission was accidental.

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.


(END) Dow Jones Newswires

December 12, 2019 03:15 ET (08:15 GMT)

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

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