News Highlights: Top Company News of the Day
October 17 2019 - 4:30PM
Dow Jones News
Saudi Aramco Delays IPO
Saudi Aramco has postponed the launch of what is expected to be
the world's largest initial public offering from November to
December or January.
HBO Max to Stream Studio Ghibli Films
Films from Japanese animation producer Studio Ghibli will be
available on WarnerMedia's new streaming service, HBO Max, in the
spring.
Zuckerberg Defends Free Speech Amid Calls for Tighter Controls
In a rare policy speech that could have ramifications for the
U.S. presidential campaign and social movements world-wide, the
Facebook CEO asserted his commitment to free speech over more
aggressive policing of social-media platforms.
IBM's New Hat Doesn't Cover Old Problems
The folks at Red Hat will probably never feel unloved by their
new adoptive parent.
J&J to Pay $117 Million Over Surgical Device Marketing
Johnson & Johnson and its subsidiary Ethicon have reached a
settlement of about $116.9 million with 41 states and the District
of Columbia for allegedly misleading marketing of transvaginal
surgical-mesh devices.
Renault Trims Revenue Outlook as Sales Slow, Costs Rise
Renault cut its revenue and operating-margin guidance for the
year, citing slumping sales outside Europe and higher costs
associated with developing cleaner car models.
Legal Troubles at Exelon Weigh on Utilities Stocks
The U.S. nuclear industry has struggled in recent years with
competition from cheap natural gas-fired power plants.
Schwab to Allow Investors to Buy and Sell Fractions of Stocks
Charles Schwab will let investors buy and sell fractions of
shares in coming months as part of an effort to attract younger
clients.
UAW's New GM Pact Wins on Wages, Health Care and Temporary Workers
The United Auto Workers scored major wins on wages, health care
and temporary workers in its new tentative labor pact with General
Motors.
CSX, Union Pacific Battle to Win Back Customers
CSX and Union Pacific are running faster railroads and operating
more efficiently. They have a bigger challenge ahead in winning
over more shippers that remain skeptical after years of subpar
service.
(END) Dow Jones Newswires
October 17, 2019 17:15 ET (21:15 GMT)
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