News Highlights: Top Company News of the Day
20 September 2019 - 11:15AM
Dow Jones News
KeyCorp CEO Beth Mooney to Retire in May
KeyCorp. Chief Executive and Chairman Beth Mooney is retiring
from the regional lender in May and will be replaced by the head of
Key's retail bank, Chris Gorman in both roles.
Huawei Launches First Smartphone Without Google's Key Apps
Huawei unveiled its first smartphone devoid of Google's most
popular apps, a byproduct of the U.S.-China trade dispute that
could complicate the Chinese tech giant's efforts to stoke demand
for its products.
Zuckerberg Meets With Trump, Faces Tough Questions from Senators
With his company under a regulatory spotlight, Facebook's Mark
Zuckerberg scored a meeting at the White House Thursday-but faced a
chillier reception from lawmakers on Capitol Hill.
AT&T Sale of DirecTV Would Be No Blockbuster
Separating DirecTV would remove cash flows that AT&T needs
to pay a dividend and service debt.
Amazon to Add 100,000 Electric Vehicles as Part of Climate Pledge
Amazon.com plans to buy 100,000 electric delivery vehicles as it
seeks to reduce its carbon emissions in the face of criticism of
its environmental impact.
PG&E Bondholders Ally With Wildfire Victims to Propose New Bankruptcy Exit Plan
Court papers filed by a group of PG&E bondholders, including
Elliott Management and by the official committee representing fire
victims, asked for the green light to put a chapter 11 plan on the
table that would compete with the company's own restructuring
framework.
Ping Identity Listing Marks IPO Milestone for Vista
Ping, which made its debut on the New York Stock Exchange
Thursday, is the first Vista portfolio company to go public since
the firm's launch in 2000
Colt Defense to Stop Producing AR-15 Rifles for Civilians
Gun maker Colt Defense LLC said it would stop producing
semiautomatic rifles for civilians, citing a glut in the
market.
Fentanyl Drug Finds New Home in First Opioid Crisis Bankruptcy Deal
Insys Therapeutics won bankruptcy-court approval to sell Subsys,
the opioid that spawned criminal racketeering charges against its
top executives and set off investigations and lawsuits that plunged
the company into bankruptcy.
Purdue Led Its Opioid Rivals in Pills More Prone to Abuse
When taking into account the dosage strength of each pill,
Purdue Pharma's OxyContin represented a market-leading 27% of total
oxycodone sold during a seven-year period reviewed by The Wall
Street Journal.
(END) Dow Jones Newswires
September 19, 2019 21:00 ET (01:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.