News Highlights: Top Company News of the Day
November 13 2018 - 5:30PM
Dow Jones News
SEC Wants Companies To Boost Cybersecurity, Brexit, Libor Phaseout Disclosures
Kyle Moffatt, chief accountant at the Securities and Exchange
Commission's Corporation Finance Division, said the disclosures
should include discussions of board risk oversight, disclosure
controls and procedures, and insider trading policies as they
relate to cybersecurity.
Juul Says It Will Quit Social Media
E-cigarette startup Juul Labs said it is shutting down its
Facebook and Instagram accounts and curbing its use of other social
media in the U.S., part of its response to the FDA's call for
changes to curb underage e-cigarette use.
Alphabet Unit Plans to Launch Driverless Car Service in Coming Months
The head of Alphabet's Waymo unit said it plans to launch its
first commercial self-driving car service in the next two months
and expects businesses to be among its biggest customers.
Amazon Picks NYC, Northern Virginia for Its HQ2 Locations
Amazon announced New York City and Northern Virginia would be
the homes for the company's second and third headquarters, ending a
more than yearlong public contest that started with 238 candidates
and ended with a split of its so-called HQ2.
Starbucks to Lay Off 5% of Corporate Workforce
Starbucks is planning to lay off approximately 5% of its global
corporate workforce as the chain struggles to attract new and
repeat customers to its U.S. coffee shops.
Chinese Car Maker Plans to Start U.S. Sales of Imported SUV in 2020
Chinese car maker Zotye Automobile International Co. plans to
start selling a vehicle in the U.S. starting in 2020, despite new
Trump administration tariffs imposed this year on vehicle imports
from China.
SoftBank Investment Boosts WeWork Valuation to $45 Billion
Japanese conglomerate SoftBank has committed $3 billion to
WeWork in a deal that values the company at about $45 billion, a
major infusion of new funding by WeWork's largest investor.
Six TV Station Owners Settle Justice Department Antitrust Allegations
A group of six television station owners agreed to settle
Justice Department charges that they used third-party firms to
illegally coordinate on sales of local advertising spots.
Home Depot Ratchets Up Fiscal-Year Guidance
Home Depot reported third-quarter earnings up 32% from a year
earlier and again increased its guidance for the fiscal year.
GE to Sell $4 Billion Stake in Baker Hughes
General Electric plans to sell up to 20% of its majority holding
in oil services company Baker Hughes, providing around $4 billion
in cash for the struggling conglomerate.
(END) Dow Jones Newswires
November 13, 2018 17:15 ET (22:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.