News Highlights: Top Company News of the Day
June 17 2019 - 10:30PM
Dow Jones News
Deutsche Bank Senior European Equities Banker Edward Sankey to Leave
Senior Deutsche Bank AG European equities banker Edward Sankey
is leaving the bank after almost 15 years, according to people
close to the lender.
McKinsey Says Disclosure Payout Could Benefit Its Employees
Some of the $15 million McKinsey is paying to resolve
allegations of inadequate conflict-of-interest disclosures in large
corporate bankruptcies could end up in the pockets of the firm's
own employees because of its extensive investment holdings.
Sports Illustrated Operating Rights Sold
Authentic Brands and Maven are pursuing discussions with
Meredith for it to continue to operate certain aspects of the
Sports Illustrated business, but the deal isn't contingent on
reaching an agreement with Meredith.
Target Outages Illustrate Retail's Growing Tech Complexity
The technical problems at Target stores over the weekend
illustrate the challenge of unifying a large retailer's technology
infrastructure with its bricks-and-mortar presence and underscore
the importance of having trusted vendors and backup plans.
FAA Seeks to Enable Return of Supersonic Passenger Aircraft
The agency aims to eliminate regulatory hurdles that effectively
have stymied a number of startups and established aerospace
companies from testing new commercial supersonic designs in U.S.
airspace.
Major Banks to Weigh Environmental Impact in New Shipping Loans
Eleven banks, including Citibank, France's Société Générale and
Norway's DNB, say they will take climate considerations into
account when extending new shipping loans.
Boeing's New Long-Haul Jet Faces Delay
General Electric is having to redesign an engine part for the
Boeing 777X, meaning a delay for its first test flight and
potentially for the first delivery of the long-haul passenger jet
to customers.
San Francisco Fed Wants to Reward Banks for Climate-Change Loans
The Federal Reserve Bank of San Francisco says banks can get
extra credit for making loans that help communities adapt to
climate change and prepare for future natural disasters.
KPMG Agrees to Pay $50 Million Penalty Tied to Misconduct Allegations
KPMG agreed to pay $50 million to settle allegations that former
employees got an unlawful sneak peek at regulators' plans to
inspect its work and auditors at the firm cheated on internal
training exams.
Morgan Stanley Launches New Impact-Investing Portfolio Suite
Morgan Stanley has bolstered its impact-investing offering with
six new portfolios to meet heightened demand for sustainable
investing.
(END) Dow Jones Newswires
June 17, 2019 23:15 ET (03:15 GMT)
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