News Highlights: Top Company News of the Day

Date : 11/09/2019 @ 12:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

For Airlines, 737 MAX Grounding Will Near One-Year Mark 

Southwest Airlines and American Airlines said they won't offer seats on their 737 MAX jets until March, nearly a year after regulators around the world grounded the plane.

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.


(END) Dow Jones Newswires

November 08, 2019 19:00 ET (00:00 GMT)

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

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