News Highlights: Top Company News of the Day

Date : 12/12/2019 @ 10:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Boeing's MAX Fixes Not Likely to Get FAA Approval Until February 

The global grounding of Boeing's 737 MAX is set to stretch to nearly a year as regulators expressed concern that the U.S. plane maker set unrealistic expectations for the jetliner's return to passenger service.

Oracle Reports Higher Profit 

The Silicon Valley company, best known for its corporate database software, reported $9.61 billion in revenue for the quarter ended Nov. 30, missing analysts' projected $9.65 billion.

Liberty Media Seeks to Increase Stake in iHeartMedia 

An affiliate of John Malone's Liberty Media is seeking Justice Department permission to buy a larger piece of iHeartMedia, according to people familiar with the matter, a deal that would put the nation's largest radio broadcaster under the same corporate umbrella as the leading concert promoter and satellite-radio giant SiriusXM.

Federal Reserve Lifts Consent Orders Against JPMorgan, U.S. Bancorp 

The Federal Reserve on Thursday lifted consent orders against JPMorgan Chase & Co. and U.S Bancorp stemming from what the central bank identified as weak anti-money laundering controls.

FTC Weighs Move Against Facebook Over How Its Apps Interact 

Federal officials are considering seeking a preliminary injunction against Facebook over antitrust concerns related to how its products interact, according to people familiar with the matter.

PayPal Sues U.S. Regulator Over Prepaid-Card Rule 

The payments company contends 'digital wallets' should be exempt from the rule designed to regulate prepaid cards.

McDonald's Wins Backing of Labor Board 

The National Labor Relations Board instructed a federal judge to approve a settlement in a case pertaining to McDonald's status as a joint employer, helping shield the company from liability from the employment practices of its hundreds of U.S. franchisees.

'Fortnite' Developer Challenges Google Over App-Store Fees 

The creator of "Fortnite" is challenging Google's policy of taking a cut of payments made for app-related purchases at a time when regulators have started scrutinizing those kind of arrangements between tech companies and their vendors.

Northrop Grumman's Defense System Intercepts Two Missiles at Same Time in Test 

The defense-missile system was able to intercept both missiles as they split off from each other as they neared separate targets, Northrop said.

Bonobos Co-Founder to Leave Walmart 

Bonobos co-founder Andy Dunn is leaving Walmart Inc., two years after selling the online apparel startup to the retail behemoth for $310 million.


(END) Dow Jones Newswires

December 12, 2019 17:15 ET (22:15 GMT)

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

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