News Highlights: Top Company News of the Day
18 September 2019 - 11:30PM
Dow Jones News
General Mills Hurt by Weaker Demand for Snacks, Meals
General Mills said sales of snacks, meals and baking products
weakened in the U.S. in its latest quarter, dragging down overall
revenue.
Facebook Jumps on the Streaming Bandwagon With New Portal Device
Facebook is getting into the streaming game, launching a new
set-top version of its Portal device that adds to the company's bet
that the future of smart homes will be social.
Juul Faces Subpoena Threat Over Documents
The leader of a House subcommittee investigating Juul Labs says
the e-cigarette maker hasn't turned over documents it requested and
warned that the committee could issue a subpoena demanding
them.
Huawei Suspended From International Cybersecurity Forum After U.S. Ban
Huawei Technologies has been suspended from membership in a
global trade group of companies, governments and experts set up to
tackle computer security breaches and share information about
vulnerabilities.
Google, Facebook Cozy Up to Publishers as Regulators Circle
Tech giants are making concessions long sought by news
publishers whose business has been hurt by the platforms'
dominance, moves some see as an effort to pre-empt potential
regulatory backlash.
Need a Loan? Equifax Plans to Sell More Utility, Phone Records.
Equifax will soon give consumers the option to let lenders
review their electric, phone and cable payment information, a move
aimed at providing lenders more data to determine whether to
approve loan applicants.
GM's Big Fight for Flexibility
Following its bankruptcy and government bailout in 2009, General
Motors is under intense pressure to show it can cruise through the
next downturn without too much damage.
Providence Equity Closes Eighth Flagship Fund Above $6 Billion
Fundraising for the vehicle, Providence Equity Partners VIII LP,
closed on Sept. 5 above its $5 billion target, according to a memo
to investors viewed by The Wall Street Journal.
Aramco IPO: Risk Is Part of the Equation
The attack on Aramco's facilities delayed its IPO but shouldn't
make it impossible if the seller and buyers are ready to price in
new risks.
FedEx Hit by Trade Tensions and Split With Amazon
The delivery giant lowered its outlook for the year and is
taking more cost-cutting steps, sending its shares down sharply in
after-hours trading.
(END) Dow Jones Newswires
September 18, 2019 09:15 ET (13:15 GMT)
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