News Highlights: Top Company News of the Day

Date : 12/13/2019 @ 10:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Ad Giant Dentsu Names Jacki Kelley as CEO of Americas 

Dentsu Aegis Network, a unit of Japan's Dentsu, named agency and media veteran Jacki Kelley as chief executive of its Americas operations, succeeding Nick Brien.

Delivery Hero to Buy South Korea's Woowa 

German food-delivery company Delivery Hero will buy Woowa Brothers in deal that values the South Korean rival at $4 billion.

Henkel Hit After Profit Warning 

Shares in Henkel fell sharply after the consumer-products company said it expected lower earnings for fiscal 2020, warning that investments in marketing and IT were weighing on its results.

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.


(END) Dow Jones Newswires

December 13, 2019 05:00 ET (10:00 GMT)

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

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