News Highlights: Top Company News of the Day

Date : 11/15/2019 @ 4:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Amazon to Protest Pentagon Contract Award to Microsoft 

Amazon said it would protest the Pentagon's award of a massive cloud-computing contract to Microsoft, throwing yet another wrench in the long-running procurement battle.

Former Executive at Chinese Bank Pleads Guilty in Bid-Rigging Case 

Peter Volino, a former vice president at Industrial and Commercial Bank of China Financial Services LLC, admitted to violating bid-rigging laws by participating in a scheme to submit artificially low bids, the U.S. Justice Department said Thursday.

SoftBank's $1 Billion Investment in Wirecard Came With a Twist-No SoftBank Cash 

Shares of electronic payments company Wirecard jumped in April after news of an investment by SoftBank, but the commitment ended up coming from the personal accounts of a group of SoftBank employees and an outside investor.

Nvidia Aided by Recovering Cloud-Computing Demand 

Nvidia Corp. signaled the prospects for sales from its gaming and cloud-computing operations were improving, even as it posted a fourth-straight quarter of lower earnings.

Inside Under Armour's Sales Scramble: 'Pulling Forward Every Quarter' 

Former Under Armour executives said they scrambled to meet aggressive sales targets, borrowing business from future quarters to mask slowing demand in 2016 for the company's athletic apparel.

Fidelity, T. Rowe Win Preliminary OK on New Stock-Picking ETFs 

The Securities and Exchange Commission gave a green light to several firms' plans to create ETFs that choose securities without exposing the managers' trading tactics.

Goldman Promotes 465 Managing Directors as It Looks to Regain Luster 

Women make up a record 29% of newly minted managing directors at the firm, slightly higher than the roughly one-quarter in each of the past two cycles. Two-thirds are millennials, a group Wall Street banks have struggled to keep happy.

Google to Restrict User Information It Gives Advertisers 

The tech giant said its ad exchange would stop telling advertisers what categories of websites users are visiting, a concession to European data-protection authorities.

European Asset Manager Azimut Enters U.S. Market for GP Stakes 

European asset manager Azimut is adding its name to the growing list of firms that acquire stakes in private-capital firms.

Tesla Makes Some Improvements in Consumer Reports Rankings 

After tumbling in the rankings last year, electric car maker Tesla rebounded slightly in Consumer Reports' latest reliability survey with the organization restoring its recommended rating to two models.


(END) Dow Jones Newswires

November 14, 2019 23:15 ET (04:15 GMT)

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

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