News Highlights: Top Company News of the Day

Date : 01/17/2020 @ 4:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Tesla Unintended-Acceleration Claims to be Reviewed by U.S. Regulators 

Federal regulators are looking into whether consumer complaints of unintended acceleration in Tesla models warrant a formal defect investigation into about 500,000 vehicles sold by the electric-car maker.

Altria-Juul Deal Is Stuck in Antitrust Review 

Federal antitrust officials continue to probe Altria's control of shelf space more than a year after the Marlboro maker sought a 35% stake in e-cigarette company Juul.

AB InBev Taps Machine Learning to Root Out Corruption 

The company that stands out for taking a data-driven approach to preventing bribery and corruption isn't part of the tech sector. In fact, its product predates the wheel.

Rio Tinto Sees Iron-Ore Shipments Rebounding in 2020 

Rio Tinto forecast improved iron-ore shipments from its Australian mining hub this year after operational and weather-related setbacks curbed output in 2019.

Richemont Sales Rise Despite Hong Kong Downturn 

Richemont posted above-forecast third-quarter sales of EUR4.16 billion, boosted by its jewelry division and despite a sharp contraction in the important Hong Kong market.

Facebook Backs Off Plan to Sell Ads in WhatsApp 

The social-media giant disbanded a team that was working to integrate ads in its messaging service, marking a retreat from a controversial plan that had driven the platform's creators to resign.

Alphabet Becomes Fourth U.S. Firm to Reach $1 Trillion Market Value 

Google's parent company joins Apple, Amazon and Microsoft as the only companies to hit a $1 trillion valuation, highlighting the technology sector's steady market leadership.

Panel Clears 737 MAX's Safety-Approval Process at FAA 

Regulators who certified the Boeing 737 MAX adhered to policies, and the plane wouldn't have been safer if it had received the scrutiny of an all-new aircraft, a federal panel determined.

Dry Bulk Carrier American Commercial Barge Preps Restructuring 

Struggling bulk commodities carrier American Commercial Barge Line Co. is in talks with a group of lenders to restructure its more than $1 billion of debt, according to people familiar with the matter.

Comcast's Peacock Aims to Undercut Streaming Rivals 

Comcast's NBCUniversal unveiled a multitiered pricing strategy for its coming streaming service Peacock, including free and subscription options.


(END) Dow Jones Newswires

January 17, 2020 11:15 ET (16:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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