News Highlights: Top Company News of the Day
July 10 2019 - 9:15AM
Dow Jones News
Some GE Factories Reject New Labor Deal
Workers at several General Electric factories voted against a
new four-year contract, surprising the conglomerate and union
leaders who had negotiated the agreement last month.
Levi Strauss Shares Fall on Smaller Profit, Second-Half Sales Outlook
Levi Strauss shares fell after the jeans maker said costs
related to its IPO hurt profits in the latest quarter and that it
expects sales growth to moderate.
U.K. Regulator on Why It Is Pursuing Record Fines Against BA, Marriott
Information Commissioner Elizabeth Denham said her office
considered cybersecurity gaps, among other factors, in proposing
that Marriott and British Airways' parent company pay the biggest
fines to date under Europe's data-privacy laws.
No Turnaround in Sight for China Car Sales
Chinese auto sales fell for the 12th straight month in June,
rounding out a brutal year as the market suffers its first
protracted slowdown after decades of growth, with U.S. makers among
the hardest-hit.
Big Tech Is a Likely Target at White House Social-Media Summit
A "Social Media Summit" at the White House this week will offer
a platform for Trump supporters who say they face censorship by
left-tilting Big Tech-and a preview of a likely re-election theme
for the president.
Newbies Pay $15 Million for TV Episode to Stand Out in Packed Streaming Market
As Walt Disney, AT&T's WarnerMedia and Apple prepare to
enter the crowded streaming-entertainment market, they are racing
to stand out with eye-catching shows that cost as much for a season
as a big-budget movie.
Airbus Poised to Overtake Boeing as Biggest Plane Maker
Boeing said its commercial-jetliner deliveries fell by more than
a third in the first half from a year earlier, as 737 MAX aircraft
continue to pile up at its facilities.
Doctor Visits Could Provide Relief to Uber and Lyft
Ride-hailers are attempting to reach elderly and low-income
riders through health-care providers, but it is unclear how big the
opportunity is.
Ross Spells Out Reprieve for Huawei
Commerce Secretary Wilbur Ross said the U.S. would grant
licenses to American companies that want to sell technology to
Huawei Technologies as long as the sales wouldn't put national
security at risk, expanding on a pledge made last month by
President Trump to Chinese President Xi.
Deutsche Bank Shares Continue to Fall
Deutsche Bank AG shares slid a second day as investors and
analysts questioned the German lender's growth projections and
management's grip on restructuring.
(END) Dow Jones Newswires
July 10, 2019 09:00 ET (13:00 GMT)
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