News Highlights: Top Company News of the Day

Date : 11/20/2019 @ 6:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

General Motors Files Racketeering Lawsuit Against Fiat Chrysler 

General Motors filed a federal racketeering lawsuit against Fiat Chrysler Automobiles and a handful of former executives at the Italian-American auto maker.

U.S. Begins Granting Exemptions to Huawei Blacklist 

The Trump administration has allowed some U.S. suppliers to Huawei to resume shipping to the Chinese telecom giant, easing export restrictions while negotiators struggle to work out the first phase of a trade deal.

Target Extends Its Sales Streak 

Target posted another quarter of rising sales, saying it continues to draw more shoppers and capture spending both in its stores and online.

Wirecard Shares Drop on Lack of Audit Opinion for Singapore Arm 

The German electronic-payments company's accounting practices in Asia are under investigation, and the stock fell after it emerged that an auditor hadn't fully signed off on its Singapore arm's most recent accounts.

Ride-Hailing App Juno Enters Bankruptcy, Blaming Wage Law 

New York ride-hailing business Juno USA LP filed for bankruptcy protection, blaming its demise on minimum wage regulations and mounting lawsuits from drivers, riders and competitors.

Qualcomm Stacks All Its Chips on 5G 

Qualcomm expects its chipset business to drive future growth as licensing is expected to remain flat.

Boeing Loses Crucial Orders for New 777X Jet From Emirates 

Emirates Airline is reducing its order for Boeing's embattled 777X jet and buying the smaller 787 Dreamliner instead, in the latest setback for the U.S. manufacturer's newest plane.

Lowe's Reports Higher Profit, to Close 34 Canadian Stores 

Lowe's reported another quarter of soft sales but raised its adjusted full-year earnings targets and said it would trim its store fleet in Canada.

Aon Pushes Into Online Insurance for Small Business 

Aon has agreed to acquire startup CoverWallet, as insurers are competing to figure out how to sell insurance to small businesses online.

Blackouts Return to Northern California 

Northern California prepared for its fourth round of blackouts in two months amid a forecast for high winds, an increasingly new norm as the state's utilities try to prevent deadly wildfires from starting.


(END) Dow Jones Newswires

November 20, 2019 13:15 ET (18:15 GMT)

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

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