News Highlights: Top Company News of the Day
06 December 2019 - 6:30PM
Dow Jones News
Trump Administration Weighs Putting Amazon Foreign Sites on 'Notorious Markets' List
The Trump administration is considering putting some of
Amazon.com Inc.'s overseas operations on a list of global
marketplaces known for counterfeit goods, according to people
familiar with the matter.
Deutsche Bank Agrees to Pay EUR15 Million in Money-Laundering Probe
The investigation that featured a high-profile raid of the
bank's Frankfurt headquarters in November 2018 is now closed.
Big Lots Shares Rise on 3Q Results
Shares of Big Lots rose after the company posted third-quarter
profit, driven by its sale of a distribution center in Rancho
Cucamonga, Calif., as well as lower losses on an adjusted
basis.
Used Car Retail Startup Vroom Valued at $1.5 Billion in Latest Funding
Vroom, a used car marketplace and delivery startup, was valued
at $1.5 billion in a new financing, according to a person familiar
with the matter.
Facebook in Talks to Add More New York Office Space
Facebook is in talks to lease a landmark Manhattan building in a
deal that would make it one of New York's largest corporate tenants
and would help offset the lack of Amazon's second headquarters
earlier planned for the city.
When to Buy Into Aramco
Global investors likely have a long wait before the Saudi oil
giant's expensive shares are priced at a more normal level.
Michael Dell's Money Managers Change How His Wealth Is Invested
MSD Capital, Michael Dell's $16 billion family office, is
pulling back from active stock-picking. Co-founder Glenn Fuhrman is
leaving at year-end.
Peloton Backlash: Controversy Over Ads Often Is Short-Lived
If the recent history of consumer backlashes against Nike,
Gilette and Pepsi are any guide, Peloton shouldn't expect lasting
damage from social-media outcry over the fitness-equipment maker's
holiday ad.
DAZN Gives Away Content to Punch Up Subscriber Base
The sports-streaming service DAZN has a contrarian approach to
attracting new subscribers: Create original content and put it on
other platforms free of charge.
'Frozen 2' Artists' Tweets Draw Apology From Disney in Japan
Walt Disney's Japan unit apologized after artists it hired to
endorse its "Frozen 2" movie on Twitter failed to label the tweets
as promotional.
(END) Dow Jones Newswires
December 06, 2019 13:15 ET (18:15 GMT)
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