News Highlights: Top Company News of the Day
21 October 2019 - 2:30AM
Dow Jones News
HSBC's Stand-In Weathers Storms in Bid for Top Job
HSBC started 2019 with a chief executive poised for growth and
focused on making its 238,000 employees the "best version of
themselves." It is ending the year with a new boss cutting
thousands of jobs, culling clients and putting businesses on the
block.
Congress Ramps Up Scrutiny of Boeing Executives, Board
U.S. lawmakers probing the 737 MAX jet crisis are ratcheting up
scrutiny of Boeing Co. leaders as new details point to management
pressure on engineers and pilots in its commercial-aircraft
unit.
Barrick Prepares to Restart Gold Mining in Tanzania
Barrick is poised to restart gold mining in Tanzania after the
company agreed to pay $300 million to the African country and share
ownership and other benefits at its three local mines.
Facebook Reaches Deal With Wall Street Journal Publisher, Others for News Section
News Corp has reached a deal to let Facebook feature headlines
from The Wall Street Journal and other Dow Jones media properties,
as well the New York Post, in the social-media giant's upcoming
news section, the companies said.
UAW Leaders Face Tough Sell on New Deal With GM
United Auto Workers leaders, who earlier this week voted to
extend a more than monthlong strike at General Motors, now face a
critical task: selling a new labor deal to rank-and-file members
with high expectations.
PG&E Says It Could Impose Blackouts in California for a Decade
PG&E's chief executive said it could take as long as 10
years for the company to improve its electric system enough to
significantly diminish the need to pull the plug on customers to
reduce the risk of sparking fires.
Harley-Davidson Resumes Production, Deliveries of Its Electric Motorcycle
Harley-Davidson is resuming production and deliveries of its
first electric motorcycle about a week after it told dealers it was
halting production due to a problem related to charging.
Boeing Pilot Raised Concerns About 737 MAX Years Before Deadly Crashes
A senior pilot said he had encountered problems with a
flight-control system three years ago, but the company didn't alert
federal regulators until 2019, months after two deadly crashes
involving the same system.
J&J Recalls Baby Powder on Asbestos Concern
Johnson & Johnson launched a voluntary recall of about
33,000 bottles of its baby powder after a test showed
sub-trace-level asbestos contamination.
Schlumberger's Overseas Segments Drive Revenue Growth
Oil-field-services company Schlumberger Ltd. reported a
surprising increase in revenue for the latest quarter, driven by
growth in markets outside North America.
(END) Dow Jones Newswires
October 20, 2019 21:15 ET (01:15 GMT)
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