News Highlights: Top Company News of the Day
06 December 2019 - 9:30AM
Dow Jones News
Google Management Shuffle Points to Retreat From Alphabet Experiment
Sundar Pichai's appointment as CEO of Google parent Alphabet
Inc. effectively shifts the focus back on the company's advertising
profit machine and away from its "moonshots" and other potential
new businesses.
Twitter Sells Bonds at Low Rate
Twitter sold its first-ever unsecured bonds on Thursday at a
lower interest rate than initially expected, reflecting robust
demand from investors drawn to the social-media company's ample
cash flow.
Slack Gets Ahead of the News
At least give Slack Technologies credit for not ignoring the
elephant in the room. And Microsoft is an awfully big elephant.
Tiffany Dragged Down by Weak U.S. Demand
Tiffany reported flat quarterly sales as softness in the U.S.
market offset growth in mainland China, highlighting the challenges
LVMH faces once it takes over the famed American jeweler.
BlackRock Executive Ousted for Failing to Disclose Personal Relationship
Mark Wiseman, a potential heir to the top job at BlackRock, has
been ousted from the money-management giant for failing to disclose
a relationship with a colleague.
Aramco Valued at $1.7 Trillion in World's Biggest IPO
Saudi Aramco priced its initial public offering Thursday at the
high end of the targeted range to give the oil giant a total value
of $1.7 trillion in the world's biggest-ever IPO.
Moncler Downplays Reports of M&A Talks With Kering as Shares Soar
Moncler's main shareholder and chief executive Remo Ruffini
threw cold water on reports that the company has held exploratory
talks with French luxury-goods conglomerate Kering over a possible
deal.
Glencore Faces Bribery Probe
Britain's top financial cop said it is investigating Glencore
for alleged bribery, sending shares of the mining and trading giant
down almost 9%.
Sage Therapeutics Shares Plummet on Depression-Treatment Study Results
Sage Therapeutics's share price was cut in half, erasing more
than $4 billion in market value after the company said an
experimental depression drug failed a Phase 3 trial.
United Airlines CEO to Step Down
United Airlines said Chief Executive Oscar Munoz will become
executive chairman in May, with President Scott Kirby taking the
CEO post.
(END) Dow Jones Newswires
December 05, 2019 17:15 ET (22:15 GMT)
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