News Highlights: Top Company News of the Day

Date : 12/13/2019 @ 12:30AM
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.

Kate Spade CEO Anna Bakst to Depart 

Luxury-brands company Tapestry said the head of its Kate Spade brand, Anna Bakst, is leaving at the end of 2019, marking a less than two-year tenure as leader of the struggling brand.

Costco Sales Continue to Rise 

The warehouse retailer's comparable sales increased 5% in the latest quarter but e-commerce growth slowed.

Broadcom Expects Its Earnings to Bounce Back 

The chip maker promised an earnings recovery in the current year after the company posted weaker fourth-quarter figures, dented by the protracted U.S. export ban of some items to Chinese telecom giant Huawei.

Oracle Won't Return to Dual-CEO Structure 

The Silicon Valley company, which reporter higher profit and flat revenue, won't return to a dual-CEO structure after the death this year of co-Chief Executive Mark Hurd.

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.


(END) Dow Jones Newswires

December 12, 2019 19:15 ET (00:15 GMT)

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

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