News Highlights: Top Company News of the Day
10 October 2019 - 10:30AM
Dow Jones News
Trump Signs Off on Licenses for Doing Business With Huawei
The White House has signed off on special licenses for some U.S.
companies to do some business with Chinese telecom giant
Huawei.
Apple Pulls Hong Kong Cop-Tracking Map App After China Uproar
Apple removed from its app store an app that citizens and
protesters in Hong Kong used to track police activity, thrusting
the tech giant deeper into the furor engulfing U.S. companies over
the protests.
Fidelity Cuts Online Trading Commissions to Zero
Fidelity Investments eliminated trading commissions on its
online brokerage, matching a step some of its biggest rivals
unveiled last week.
Samsung Display to Invest Nearly $11 Billion to Upgrade Production Lines
Samsung Display, a Samsung Electronics Co. unit supplying flat
screens to Apple Inc., said it plans to invest $10.93 billion to
upgrade its production lines by 2025.
UCB to Acquire Ra Pharmaceuticals in $2.1 Billion Deal
Shareholders of Ra Pharma will receive $48 for each share
held.
PG&E's Bankruptcy Judge Opens the Door to Rival Chapter 11 Exit Plan
The decision clears the way for a rival chapter 11 plan from
Elliott Management and other bondholders that are allied with
victims of wildfires that drove PG&E to bankruptcy.
Target's Chief Merchant Quits to Run Bed Bath & Beyond
Target's chief merchant, Mark Tritton, has resigned ahead of the
holiday shopping season to take the top job at Bed Bath &
Beyond, a rival chain that has been struggling to adapt to the
shifting retail landscape.
Senator Seeks Review of Acquisition by TikTok Owner
U.S. Sen. Marco Rubio is calling for a national-security review
of the 2017 deal that enabled the Chinese owner of video-sharing
app TikTok to expand its reach in the U.S., saying the platform's
moderators are censoring content to appease Beijing.
Purdue Settlement Hinges on Deal With DOJ, Documents Show
OxyContin maker Purdue Pharma's plan to turn over its operations
to creditors and see its owners, the Sacklers, exit the opioid
business is contingent on first resolving Justice Department
probes, court filings show.
Dollar General Boosts Digital Strategy
The discount-store chain is working on making it possible for
customers to buy its wares online and pick them up at a nearby
store, a move that analysts say could help the retailer attract a
younger demographic.
(END) Dow Jones Newswires
October 10, 2019 05:15 ET (09:15 GMT)
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