News Highlights: Top Company News of the Day
January 21 2019 - 5:30AM
Dow Jones News
Facebook, Germany to Collaborate Against Election Interference
Facebook Inc. Chief Operating Officer Sheryl Sandberg said the
company will work with the German ministry for information security
in a broad effort to guide policy here and throughout Europe on
election interference.
DSV's Big Takeover Bid May Revive Logistics Consolidation
DSV's $4 billion bid for rival freight forwarder Panalpina
suggests stockpiles of cash and pent-up demand from operators and
private equity could come into the market and trigger a new wave of
consolidation among large logistics companies.
Two Snap Executives Pushed Out After Probe Into Inappropriate Relationship
Snap in recent weeks pushed out two senior executives after an
investigation found that one of them had allegedly engaged in an
inappropriate relationship with an outside contractor.
Morgan Stanley CEO Earned $29 Million in 2018
Chief Executive James Gorman received a compensation package
valued at about $29 million in 2018, a 7% raise from the $27
million he earned a year ago.
Airbnb Has Held Talks to Buy Hotel Tonight
Airbnb has held talks to acquire hotel-booking site Hotel
Tonight, as the home-sharing company seeks to bolster its offerings
and make itself more attractive to investors ahead of an eventual
IPO.
German Forklift Maker Kion Plans U.S. Expansion to Avoid China Tariffs
Germany's Kion Group plans to expand its factory in Summerville,
S.C., in a move to escape a 25% tariff the U.S. levied on forklifts
imported from China.
Schlumberger Says Shale Boom is Slowing
U.S. shale production is poised to slow this year as drillers
reduce their budgets in response to lower oil prices, the head of
the oil-field services company said.
State Street Is Cutting 1,500 Jobs
Aiming to trim some $350 million in expenses this year, State
Street said it would shed about 1,500 employees in a plan designed
to help weather tough market conditions.
Lilly's Sarcoma Drug Combo Proves Ineffective in Trials
Eli Lilly said it would stop promoting Lartruvo, a relatively
new cancer drug, after a study found it didn't significantly
prolong the lives of patients when used in combination with an
older drug.
Tesla to Slash More Jobs in Effort to Lower Model 3 Price
Tesla is cutting its full-time workforce by 7% to help lower
costs so it can sell the Model 3 sedan at a lower price. Shares
fell 13%.
(END) Dow Jones Newswires
January 21, 2019 05:15 ET (10:15 GMT)
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