News Highlights: Top Company News of the Day
20 September 2019 - 2:15PM
Dow Jones News
Apple's Triple Shot May Add Some Kick
By all accounts, Apple is expected to have another dud year of
iPhone sales. Ironically, that may work out well for the company as
its three new phones hit stores on Friday.
Brazil Police to Announce Criminal Charges Against 7 Vale Employees in Dam Collapse
Brazilian police will announce criminal charges Friday against
Vale and its German safety auditor TÜV SÜD over the miner's deadly
dam collapse in January, with seven Vale individuals and six
employees from TÜV SÜD to face charges.
Goldman, China's Sovereign-Wealth Fund Invest in U.S. Manufacturing
China's sovereign-wealth fund has started investing in the U.S.
manufacturing sector through a joint venture with Goldman Sachs,
but warned it would be more cautious about the American market
because of the trade war.
Japan's Mitsubishi Says Rogue Oil Trader Lost $320 Million
Japan's Mitsubishi said a subsidiary has lost about $320 million
on energy derivatives, after a rogue employee in Singapore entered
into secret unauthorized trades and then lost money as crude prices
fell.
Nintendo Seeks to Sustain Switch Sales With Stripped-Down Console
Nintendo introduced a stripped-down Switch console, meant to
keep up the line's momentum in its third holiday season, as the
videogame maker seeks to widen the Nintendo brand's global
presence.
Market for Illicit Vaping Products Flourishes Online
As concerns about the health hazards of vaping mount, a market
for cannabis-vaping products and the tools to create counterfeits
is thriving online on big tech platforms like Amazon and
Facebook.
Bondholders Stranded as HNA-Backed Airport Defaults
In a departure from HNA Group's record of paying back
international bondholders despite its financial constraints, an
airport partly owned by units of the Chinese conglomerate has
failed to repay holders of its dollar bonds on time.
DeVos Family Office Affiliate to Buy Stake in Nordic Capital
The booming market for buyout firm stakes has a new entrant: the
DeVos family office.
China Detains Former U.S. Air Force Pilot Flying for FedEx
Chinese authorities have detained a FedEx pilot in the city of
Guangzhou, elevating pressure on the company, which is already in
Beijing's crosshairs amid a U.S.-China trade war.
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.
(END) Dow Jones Newswires
September 20, 2019 09:00 ET (13:00 GMT)
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