News Highlights: Top Company News of the Day

Date : 11/08/2019 @ 10:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

 
McDonald's Started Investigation of CEO's Relationship With Employee Three Weeks Ago 
 

McDonald's, which fired its chief executive last week over a consensual relationship with a female employee, first learned of the matter roughly three weeks ago, according to people familiar with the matter.

 
Executives Convicted in Long-Running Italian Banking Scandal 
 

A Milan court on Friday convicted 13 former and current executives of Banca Monte dei Paschi di Siena, Deutsche Bank and Nomura International in a long-running judicial saga tied to losses at the troubled Italian bank.

 
Jury Finds Former Alstom Executive Guilty of Foreign Bribery 
 

A jury found a former Alstom executive guilty of helping orchestrate a bribery scheme in Indonesia, a verdict that reinforces the reach of a U.S. law prohibiting bribes to foreign government officials.

 
PG&E Plan to Pay Insurance Claims in Cash Hurts Bankruptcy Talks 
 

An $11 billion settlement of insurance claims tied to PG&E Corp.'s alleged responsibility for California wildfires is emerging as an impediment to a potentially broader deal to end the utility's bankruptcy, according to people familiar with the matter.

 
Blackstone Takes Controlling Stake in Owner of Dating App Bumble 
 

Blackstone Group is taking a majority stake in the owner of dating app Bumble as part of the private-equity giant's broader push to invest more in fast-growing companies.

 
Disney Needs to Keep the Hits Streaming 
 

Disney shares rise yet again as Amazon deal gives Disney+ service more access to cord-cutting audience.

 
JPMorgan Deal Shows Possible Path to Smaller Fannie and Freddie 
 

A move by JPMorgan to shed risk on some of its mortgage loans is stirring hope that the tactic could help reduce the government's role in the $11 trillion mortgage market.

 
Cartier's Owner Lacks Polish for a Tiffany Counterbid 
 

Tiffany &Co.'s board, currently sizing up a takeover approach from LVMH Moët Hennessy Louis Vuitton, can probably rule out a counterbid from the owner of the Cartier jewelry empire.

 
Alibaba Readies Hong Kong Listing Worth Up to $15 Billion 
 

Alibaba is aiming to raise $10 billion to $15 billion in a second listing in Hong Kong this month, reviving the planned offering even as the city's political climate remains unstable.

 
Square's Cleanup Still Leaves Questions 
 

Square is no longer in the food-delivery business. Now it must deliver more growth.

 
 

(END) Dow Jones Newswires

November 08, 2019 17:00 ET (22:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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