News Highlights: Top Company News of the Day
17 February 2020 - 8:30AM
Dow Jones News
Alstom Reaches Preliminary Deal to Buy Bombardier Train Unit
French train giant Alstom has reached a preliminary deal to
acquire Bombardier's train business for more that $7 billion.
GM Sends an Australian Icon to the Junkyard
GM will stop selling and designing Holden vehicles in Australia
and New Zealand by 2021, marking the end of a brand that began in
the 1850s as a leather and saddle company and has been part of GM
for almost a century.
Bayer, BASF Ordered to Pay $265 Million in Weedkiller Crop-Damage Suit
A jury ruled against Bayer and BASF in a crop-damage case,
awarding $265 million to a Missouri peach farmer who claimed the
companies encouraged farmers to irresponsibly spray a
hard-to-control weedkiller.
British Airways' Operating Chief and Its Director of People to Leave Carrier
British Airways' chief operating officer and its director of
people are leaving the carrier after last year's tense standoff
with pilots, which led to the airline's first strike in
decades.
New York Won't Appeal T-Mobile Merger Verdict
New York Attorney General Letitia James said the state won't
appeal a federal judge's decision to allow T-Mobile US and Sprint
to merge, removing another hurdle between the cellphone carriers
and their long-planned combination.
Zuckerberg Pitches How Facebook Should Be Regulated Over Content
Facebook's CEO, at a security conference in Munich, described
the social-media platform as something between a newspaper and a
telecommunications company.
SoftBank's Boss Bet $22 Billion on Sprint. It Was a Slog.
For Japanese billionaire Masayoshi Son, a U.S. judge's recent
approval of a merger between Sprint and T-Mobile is long-awaited
payback on his $22 billion investment. But it is far from the
triumph he sought when he announced he was taking control of Sprint
in 2012.
Google Cuts Jobs at Cloud-Computing Group
The company said it is cutting jobs at its cloud-computing unit
as part of a reorganization aimed at improving operations at the
business that has become more central to parent Alphabet.
Citigroup Keeps CEO's Pay at $24 Million
Mr. Corbat over the past seven years has focused on simplifying
the bank and expanding its revenue from current customers and its
consumer bank.
Apax-Owned Leather-Goods Retailer Cole Haan Files for IPO
Cole Haan has filed for an initial public offering, some seven
years after private-equity firm Apax Partners bought the fashion
retailer known for its shoes and handbags from Nike.
(END) Dow Jones Newswires
February 17, 2020 03:15 ET (08:15 GMT)
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