News Highlights: Top Company News of the Day
15 March 2019 - 10:30PM
Dow Jones News
Newell Brands CEO to Exit After Sales Struggles
The chief executive of Newell Brands is leaving the
consumer-products conglomerate, which has struggled with weak sales
and missed targets since a merger put Sharpie pens, Mr. Coffee
machines and Yankee Candle under the same roof.
SEC Charges Volkswagen With Defrauding U.S. Bond Investors
The SEC charged Volkswagen and its former Chief Executive Martin
Winterkorn with defrauding U.S. investors in connection with the
emissions-cheating scandal that the auto maker is trying to leave
in the past.
Tesla's Musk Unveils Model Y SUV in Next Big Wager
Elon Musk on Thursday night unveiled the Model Y compact
sport-utility vehicle with an eventual starting price of $39,000,
his next big bet for Tesla Inc. to appeal to a wider swath of
electric car buyers.
Who Controls Diners' Data? OpenTable Moves to Assert Control
OpenTable is barring restaurants from sharing data with rival
booking services without its permission, intensifying a fight for
control of the information diners disclose when they make
reservations online.
BMW Cautious as Earnings Slide
BMW reported a 17% drop in full-year earnings, and gave a muted
outlook for the year ahead.
Former Mt. Gox Bitcoin Bigwig Unlikely to Do More Jail Time
The former chief of the collapsed Mt. Gox bitcoin exchange, once
the world's biggest, won a not-guilty verdict Friday on the more
serious charges against him and was given a sentence that probably
won't include prison time.
Why Flag Carriers Struggle to Create Low-Cost Airlines
Ever since low-cost carriers turned aviation upside down, legacy
airlines have tried to get in on the action by creating their own
budget brands. Lufthansa's struggles show why the strategy often
doesn't pay off.
Tesla CFO Moves to Rebuild Finance Team With New Accounting Chief
Zach Kirkhorn on Thursday formally took the reins as CFO from
Deepak Ahuja, a longtime confidant of Chief Executive Elon Musk who
first joined Tesla in 2008. Tesla also named Vaibhav Taneja to the
chief accounting officer post that has been vacant since
September.
Las Vegas Sands Settles Macau Dispute
A years-old dispute over casino mogul Sheldon Adelson's entry
into the high-stakes Macau market that Las Vegas Sands Corp. twice
lost-and successfully appealed-came to an abrupt end Thursday.
British American Tobacco's Canadian Unit Files for Bankruptcy in U.S.
British American Tobacco put one of Canada's top cigarette
distributors into bankruptcy protection in the U.S. after that
subsidiary, sued by Quebec smokers in 1998 for hiding health risks,
was ordered to pay 9.2 billion Canadian dollars (US$6.9
billion).
(END) Dow Jones Newswires
March 15, 2019 07:15 ET (11:15 GMT)
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