News Highlights: Top Company News of the Day

Date : 12/13/2019 @ 4:30AM
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.

 
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.

 
Japan's Hoya Plans to Acquire NuFlare Technology for $1.35 Bln 
 

Hoya Corp. plans to spend 147.72 billion yen to acquire all shares of NuFlare Technology Inc., a maker of semiconductor manufacturing equipment.

 
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.

 
Aramco Valuation Hits Crown Prince's $2 Trillion Target 
 

The Saudi government and its wealthiest citizens helped lift Aramco to Saudi Crown Prince Mohammed bin Salman's coveted valuation target of $2 trillion-if only for a few hours.

 
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.

 
'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.

 
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.

 
Costco Sales Continue to Rise 
 

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

 
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.

 
 

(END) Dow Jones Newswires

December 12, 2019 23:15 ET (04:15 GMT)

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


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