News Highlights: Top Company News of the Day
November 14 2019 - 2:15PM
Dow Jones News
Goldman Promotes 465 Managing Directors as It Looks to Regain Luster
Women make up a record 29% of newly minted managing directors at
the Wall Street firm.
Google to Restrict User Information It Gives Advertisers
The tech giant said its ad exchange would stop telling
advertisers what categories of websites users are visiting, a
concession to European data-protection authorities.
Tesla Makes Some Improvements in Consumer Reports' Rankings
After tumbling in the rankings last year, electric car maker
Tesla rebounded slightly in Consumer Reports' latest reliability
survey with the organization restoring its recommended rating to
two models.
Houlihan's Restaurant Chain Files for Bankruptcy
The private-equity backed operator of the Houlihan's Restaurant
+ Bar chain has filed for bankruptcy protection with a deal in-hand
to sell the casual dining chain to fellow restaurant operator
Landry's Inc. for $40 million and assumption of some
liabilities.
Wells Fargo's General Counsel, Former Interim CEO Parker to Leave
Wells Fargo & Co. said Thursday its general counsel who
recently served a stint as interim chief executive, C. Allen
Parker, will leave the bank at the end of March.
Walmart Extends Sales Growth Streak to Five Years
Walmart said sales rose in the most recent quarter, a sign that
the retailer continues to take market share from competitors and
benefit from strong consumer spending ahead of the holiday shopping
season.
Daimler Warns on Profits, Aims to Cut Labor Costs
The Mercedes-Benz maker plans to cut more than 1,000 executive
positions as part of an attempt to reduce labor costs by $1.1
billion by 2022, but warned that this and efforts to meet stricter
emission targets would dent profits for the next two years.
Viacom Earnings Fall on Lower Revenue, Streaming Investments
Viacom's profit in the last quarter of its fiscal year fell as a
combination of lower revenue and increased investment in new online
streaming services weighed in on its bottom line.
Yahoo-Line Merger Plan Raises Hopes for Japanese 'Super App'
Investors welcomed plans for a merger to create an
internet-services giant in Japan controlled by SoftBank founder
Masayoshi Son, but Yahoo Japan and chat app Line face challenges
combining their businesses.
Uber Challenges Los Angeles's Suspension of Its Scooters
The company has requested a hearing with Los Angeles officials
after the city suspended its permit to rent out electric scooters
over a data-sharing dispute.
(END) Dow Jones Newswires
November 14, 2019 15:00 ET (20:00 GMT)
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