News Highlights: Top Company News of the Day
December 18 2018 - 5:30AM
Dow Jones News
Goldman Sachs Ignored 1MDB Warning Signs
Goldman Sachs Group Inc.'s push for Asian business and lax
oversight of partners led the bank to speed past warning signs in
its dealings with a corrupt Malaysian investment fund, internal
documents and interviews with people involved in the transactions
show.
J&J Slammed by Concern Over Baby Powder Safety
Johnson & Johnson faced continued concerns on Wall Street
about the threat posed by lawsuits over the safety of the company's
signature baby powder.
Former CBS Chief Moonves Won't Get $120 Million Severance Payment
Leslie Moonves won't receive any of his severance package after
the company reviewed the findings of a probe into allegations he
sexually harassed and assaulted many women during his career.
T-Mobile Takeover of Sprint Clears U.S. Security Panel
T-Mobile won approval from U.S. national-security officials for
its planned takeover of Sprint, bringing the two rivals a step
closer to closing their roughly $26 billion combination.
Oracle Revenue Flat as Push to Bolster Cloud Business Continues
Oracle reported flat revenue for its latest quarter, a result
better than what Wall Street had been expecting, as the software
giant made progress in a piece of its struggling cloud
business.
Elon Musk's New Boring Co. Faced Questions Over SpaceX Financial Ties
Elon Musk's tunnel-digging venture, the Boring Co., is the
latest to be drawn into the billionaire entrepreneur's tradition of
spreading overlapping resources across his growing technology
empire. On Tuesday, the Tesla chief is set to unveil a test tunnel
developed by the Boring Co., the first of what Mr. Musk imagines as
a futuristic series of high-speed underground highways to alleviate
traffic.
Netflix Hires Former ABC Entertainment Boss, Stepping Up Rivalry
Netflix has tapped former ABC Entertainment President Channing
Dungey as a vice president of original content, the latest evidence
of the growing rivalry between the streaming-video giant and ABC
parent Walt Disney.
Amazon Cutting the CRaP
With growth slowing and a renewed focus on its bottom line,
Amazon.com wants to stop selling products on which it can't make
money.
Shell CIO to Begin Testing AI-Enabled Drones at Houston Plant
Beginning early next year, the energy giant will deploy several
drones in a proof-of-concept project at the Shell Technology Center
in Houston, which encompasses 1.2 million square feet and 44
buildings of laboratory and office space.
UBS Fined $15 Million Over Anti-Money-Laundering Systems
UBS Group agreed to pay a combined $15 million fine over
regulatory deficiencies in its anti-money-laundering program, U.S.
regulators said Monday.
(END) Dow Jones Newswires
December 18, 2018 05:15 ET (10:15 GMT)
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