News Highlights: Top Company News of the Day
March 20 2019 - 9:30PM
Dow Jones News
Oaktree Capital Expresses Confidence in Digital First's Bid for Gannett
Digital First Media took a step forward in its hostile bid for
Gannett Co., with a debt specialist indicating Digital First could
raise the funds needed to pay for the $1.4 billion takeover.
Lithuanian Man Pleads Guilty to $100 Million Fraud Against Google, Facebook
A Lithuanian man pleaded guilty to his role in a complex wire
fraud scheme that resulted in the theft of over $100 million from
Alphabet Inc.'s Google and Facebook Inc., prosecutors said
Wednesday.
Acting Defense Chief's Boeing Ties Scrutinized
The Defense Department Office of Inspector General said
Wednesday it had begun an investigation into whether acting Defense
Secretary Pat Shanahan sought preferential treatment for his
longtime former employer, Boeing Co., while serving in
government.
Ford to Expand Electric-Vehicle Production
Ford Motor is increasing its bet on electric cars and will
convert a second North American plant to build plug-in models even
as demand for the technology remains weak in the U.S.
Trucker YRC, Teamsters Tumble Toward Contract Deadline
YRC Worldwide, one of the biggest trucking companies in the
U.S., and the Teamsters union are coming down to the wire in
contract talks in one of the last areas of unionized operations in
truck transportation.
Celebrity Jeweler Suspected in $2 Billion Fraud Arrested in London, Faces Extradition to India
Nirav Modi, India's onetime jeweler to the stars, was arrested
in London and faces extradition to face allegations that he
defrauded Indian bank lenders of nearly $2 billion.
What General Mills Could Teach Kraft Heinz
General Mills shows food companies can maintain sales momentum
by investing in innovation.
Google Fined $1.7 Billion in EU Over Limiting Rivals' Ads
Alphabet's Google was fined $1.7 billion by the European Union
for limiting how some websites could display ads sold by its
rivals, the tech giant's third antitrust penalty from the bloc
since 2017.
Levi Strauss Heads Back to Public Markets
Denim maker, which is selling shares at $17 apiece for a
valuation of roughly $6.6 billion, will begin trading on the New
York Stock Exchange Thursday under the ticker LEVI.
Apple Launches New AirPods in Wearables Push
Apple announced a new version of its AirPods wireless earbuds
that can activate the virtual assistant Siri by voice, a feature
aimed at extending the momentum of a fast-selling device as phone
sales cool.
(END) Dow Jones Newswires
March 20, 2019 21:15 ET (01:15 GMT)
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