News Highlights: Top Company News of the Day
December 12 2019 - 1:15PM
Dow Jones News
'It's Hard to Trust the Numbers.' Internet Providers Inflate Official Speed Results
AT&T, Cox, Comcast and other broadband companies
successfully push the FCC to omit unflattering data on speed tests,
among other tactics, to improve their scores. They use the report
cards to sell internet packages at higher prices.
Facebook Pledges $130 Million to Fund 'Supreme Court' for Content
Facebook will pay $130 million to establish an independent board
charged with reviewing the company's content moderating, providing
long-term backing to its experiment in better policing the
platform.
Aramco Valuation Hits Crown Prince's $2 Trillion Target
The Saudi government and its wealthiest citizens helped lift
Aramco to Saudi Crown Prince Mohammed bin Salman's coveted
valuation target of $2 trillion-if only for a few hours.
Southwest Reaches Deal With Boeing Over 737 MAX
Southwest Airlines and Boeing said they struck a deal to
compensate the airline for some of the damage from the nine-month
grounding of the 737 MAX.
Delta Buys Stake in Private-Jet Operator
Delta Air Lines is buying a minority stake in Wheels Up, a
private-jet operator, that will extend the Atlanta-based carrier's
operations to more premium passengers.
German Prosecutors Open Probe Into TÜV SÜD, Which Certified Failed Brazil Dam
Prosecutors in Germany have opened a criminal probe into the
role of German safety inspector TÜV SÜD over the January collapse
of a mine-waste dam in Brazil that killed 270 people.
Cisco Puts Its Chips in a New Game
Cisco announced a new family of routers, along with a new chip
architecture called, which could allow the network equipment giant
to crack a key part of the market that has eluded it to date.
Japan Display Says It Has Lined Up $828 Million Financing
A financially strapped Japanese supplier to Apple that makes
displays for the iPhone 11 said it has lined up financing of up to
$828 million from an investment fund with U.S. connections.
David Boies's Law Firm Names Likely Successors
Since its founding, the law firm Boies Schiller Flexner has
largely been associated with one person: famed litigator David
Boies. Now, the firm is implementing a plan to ensure it can
survive long past his tenure.
Standard Chartered Sells Bank Permata Stake
Standard Chartered has agreed to sell its interest in
Indonesia's Bank Permata for $1.3 billion to Bangkok Bank.
(END) Dow Jones Newswires
December 12, 2019 13:00 ET (18:00 GMT)
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