News Highlights: Top Company News of the Day
20 June 2019 - 8:15PM
Dow Jones News
Walmart to Pay $282 Million to Settle Claims of Corrupt Payments Abroad, SEC Says
Walmart agreed to pay about $282 million to settle both criminal
and civil claims related to payments made by outside consultants in
Brazil, China, India and Mexico, the Securities and Exchange
Commission said Thursday.
Slack Shares Jump in Trading Debut
Slack Technologies surged in its trading debut on the New York
Stock Exchange, the latest technology firm to jump into a hot
initial-public-offering market.
Carnival Lowers Profit Forecast on Cuba Travel Ban, Slower Europe Demand
The world's biggest cruise operator, Carnival, cut its full-year
earnings outlook, citing a hit from voyage cancellations, the
abrupt Cuba travel ban and weakening demand in Europe.
Boeing Focuses on Safety, Not Sales, at Paris Air Show
Boeing arrived at the world's largest aerospace extravaganza
battling the biggest crisis in its history. It departs having
secured a crucial vote of confidence in its beleaguered 737 MAX
jetliner and the prospect of further orders on the horizon.
Apple Explores Moving Some Production Out of China
Apple is asking suppliers to study shifting final assembly of
some products out of China as trade tensions prompt the company to
diversify its supply chain.
Kroger Sales Slip Again as Grocer Looks for Traction
Sales at Kroger slipped in the company's latest quarter, as the
supermarket chain races to transform its business amid heightened
competition.
Shares of French Bank Natixis Fall on Fund-Liquidity Concerns
The lender's stock fell 12% after research firm Morningstar Inc.
suspended its rating on a fund run by the bank's H2O Asset
Management arm.
Darden Shares Still Offer Bang for the Buck
The owner of Olive Garden is still a well-oiled machine despite
a mixed earnings update for investors.
Fiat Chrysler's Elkann Keeps Family Support in Wake of Busted Merger Talks
After a deal with Renault fell through earlier this month, Fiat
Chrysler Automobiles Chairman John Elkann maintains family support
while trying to diversify the company's wealth.
UBS 'Chinese Pig' Apology Doesn't Fly
A week after a UBS economist's offhand comment about pigs in
China morphed into an online scandal, the bank is still feeling the
pain in one of its most important markets.
(END) Dow Jones Newswires
June 20, 2019 15:00 ET (19:00 GMT)
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