News Highlights: Top Company News of the Day
15 November 2018 - 1:30PM
Dow Jones News
Steve Wynn Seeks to Stop Release of Massachusetts Investigation
Steve Wynn is asking a Nevada state court to stop Massachusetts
gambling regulators from releasing a report on their investigation
into sexual-misconduct allegations against the former casino
mogul.
California's Largest Utility Pummeled by Wildfire Risks
California's largest utility suffered its steepest stock plunge
in 16 years Wednesday as concerns grew that potential liability
costs from destructive wildfires threaten the company's financial
future.
Three South Korean Firms Plead Guilty to Fixing Fuel Prices at U.S. Military Bases
Three South Korean companies agreed to plead guilty and pay $236
million in criminal and civil penalties for conspiring to fix
prices on fuel supplied to U.S. military bases in their country,
the Justice Department said.
Lockheed Martin Lands $23 Billion Pentagon Contract
Lockheed Martin has won a roughly $22.7 billion contract from
the U.S. Department of Defense to deliver 255 F-35 jets, a move
that comes after the defense contractor was tasked with lowering
the price of its planes.
Berkshire Now Has a $4 Billion Stake in Largest U.S. Bank
Warren Buffett's Berkshire Hathaway took a $4 billion stake in
JPMorgan Chase & Co. in the third quarter, adding to a list of
other large holdings in major American financial institutions.
Cisco Revenue Rises as Company Avoids Tariff Effects
Cisco Systems is one of a few tech giants under threat from the
Trump administration's trade fight with China, but the company said
it has evaded damage from tariffs so far.
Uber Posts Slower Sales Gains, Widening Loss Ahead of 2019 IPO
Results for the three months ending in September show that Uber
is still growing quickly but is likely to be unprofitable for some
time.
Bumble Is Open to a Right Swipe on IPO
Bumble Chief Executive Whitney Wolfe Herd said an initial public
offering of shares could provide momentum for further international
expansion of the dating app.
PG&E Stock Tanks on Wildfire Liability Concerns
PG&E stock had its largest single-day plunge since the early
2000s after the utility said its equipment malfunctioned last week
in an area where California's deadliest wildfire started.
JPMorgan Wants Card Customers to Pay With a Tap
The bank says the change is meant to simplify and speed up the
in-store checkout process.
(END) Dow Jones Newswires
November 14, 2018 21:15 ET (02:15 GMT)
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