News Highlights: Top Company News of the Day
21 October 2019 - 8:30PM
Dow Jones News
Destination Maternity Files for Chapter 11
Destination Maternity, the world's largest maternity-apparel
retailer, filed for chapter 11 protection, the latest mall-based
retailer to succumb to declining sales and changing consumer
tastes.
Facebook to Identify State-Run Media
Facebook is taking additional steps to protect the integrity of
the 2020 U.S. elections, including clearer identification of
state-run media on its platform.
Boeing Shares Fall as Lawmakers, Regulators Press Company
Investors are selling off shares in Boeing as the plane
manufacturer was hit with downgroades and continues to face intense
questions from regulators and elected officials about its safety
practices and its grounded 737 MAX planes.
SAP Extends Cloud Partnership With Microsoft
SAP has extended a cloud-services partnership with rival
Microsoft, crediting it with driving sales.
Coty Wants to Shed Hair-Care, Beauty Brands
Cosmetics maker Coty Inc. is looking to sell its hair-care and
professional beauty businesses, a collection of brands that account
for nearly a third of its annual revenue.
Four Drug Firms Reach Deal Averting Opioid Trial in Ohio
AmerisourceBergen, Cardinal Health, McKesson and Teva have
reached a $260 million settlement to avoid a trial seeking to blame
them for fueling the opioid crisis.
Netflix Movies Could Use More Thumbs Up
Netflix is readying a box-office assault, but the streaming
giant could use fewer misfires.
Venezuela Can Afford Payment to Keep Control of Citgo, Creditor Lawyer Says
Venezuela can afford to make a payment to bondholders next week,
avoiding a $913 million debt default that would cost the country
control of Citgo Petroleum Corp., according to a lawyer for
creditors circling the Houston-based refiner.
Adidas Executive Behind Beyoncé, Kanye West Deals to Leave
Adidas AG said its global brands director Eric Liedtke, who
helped guide the German sportswear maker's turnaround in recent
years through work with celebrities including Kanye West and
Beyoncé, will depart at the end of the year.
Peter Thiel's Founders Fund Builds New War Chest in Strategy Shift
Peter Thiel's venture-capital firm is raising nearly $3
billion-and in a switch from the company's usual script, much of
the war chest will be poured into the swelling ranks of technology
startups that have stayed private for years.
(END) Dow Jones Newswires
October 21, 2019 15:15 ET (19:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.