News Highlights: Top Company News of the Day
March 13 2019 - 8:15PM
Dow Jones News
Boeing Tries to Limit the Fallout
The global grounding of Boeing's most popular model is likely to
generate a host of business challenges for the aerospace giant,
which is already wrestling with the reputational fallout from the
crash Sunday of one of its planes and a swift reaction outside the
U.S.
737 MAX Flight Cancellations and Passenger Rebookings to Hit Travelers
Flight cancellations and passenger rebookings will likely spread
throughout airline systems following President Trump's order
grounding Boeing Co.'s fleet of 737 MAX airliners Wednesday.
SoftBank, Other Investors in Talks to Invest $1 Billion in Uber's Self-Driving Unit
A consortium that includes SoftBank Group is in late-stage talks
to invest $1 billion or more into Uber Technologies' self-driving
vehicle unit.
Former UBS Employee Sues for Sexual Harassment, Discrimination
A former UBS Group AG employee in London who alleges a more
senior colleague raped her in 2017 is suing the Swiss bank for
sexual harassment and discrimination.
Two GameStop Investors Push for Board Refresh
Two GameStop shareholders are threatening a proxy fight, if the
videogame retailer doesn't overhaul its board of directors and take
other steps to improve its performance after a sale process didn't
pan out.
XPO Logistics Dropped Acquisition Bid After Short-Seller Report, CEO Says
The report from hedge-fund manager Spruce Point Capital
Management LLC accused XPO of hiding losses through aggressive
accounting, and criticized the roll-ups Mr. Jacobs used to build
XPO into one of the largest logistics and freight transport
providers in North America.
Renault-Nissan-Mitsubishi Shakes Up Management After Ghosn Arrest
The globe-spanning auto alliance of Renault-Nissan-Mitsubishi is
shuffling management in the wake of Carlos Ghosn's arrest and
dismissal, reassigning senior executives who worked alongside the
auto titan.
Wells Fargo CEO's Pay Up 5% From 2017
Chief Executive Timothy Sloan received $18.4 million in
compensation for 2018, including a $2 million incentive award.
American Express May Become Less Rewarding
American Express has weathered the battle for lavish rewards,
but it is increasingly exposed to credit risk.
SEC Closes Probe Into Mylan's Real-Estate Dealings with Former Director
Drugmaker Mylan NV said the Securities and Exchange Commission
closed a three-year-old investigation into real-estate dealings
with a former director, without taking any enforcement action.
(END) Dow Jones Newswires
March 13, 2019 21:00 ET (01:00 GMT)
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