News Highlights: Top Company News of the Day
13 November 2019 - 4:30AM
Dow Jones News
Google's 'Project Nightingale' Triggers Federal Inquiry
Google's project with the country's second-largest health system
to collect detailed information on 50 million American patients
sparked a federal inquiry and criticism from patients and
lawmakers.
Nike to Stop Selling Directly to Amazon
Nike said it would stop selling its clothes and sneakers
directly to Amazon.com, an about-face for the sportswear brand.
Overstock Shares Hit Seven-Year Low as SEC Expands Investigation
Overstock shares hit the low after the online retailer disclosed
that a government investigation has widened to focus on the stock
plans of some of its executives.
Tesla to Build European Car Plant in Berlin Area
Tesla Chief Executive Elon Musk said the auto maker would build
a planned European plant to assemble electric vehicles in
Germany.
Apple TV+ in Talks to Add Ex-HBO Chief to Producer Lineup
Former HBO Chairman and Chief Executive Richard Plepler is in
advanced talks to sign an exclusive production deal with Apple's
new TV+ streaming service, according to a person familiar with the
matter.
Russia's Sberbank Names Former Rusal CEO as Finance Chief
The appointment of Alexandra Bouriko, who is expected to join
Moscow-based Sberbank on Jan. 1, comes as Russian banks are
experiencing heightened domestic demand for loans as U.S. sanctions
force Western banks to sever ties with some Russian clients.
Major Midwest Hospital Systems Call Off Planned Merger
Two Midwestern hospital giants became the latest to break off
merger talks, another drag on deal making across the $1 trillion
hospital sector.
AbbVie Sells $30 Billion of Bonds
AbbVie sold $30 billion of bonds Tuesday to help fund its
acquisition of Allergan, in the fourth-largest investment-grade
debt sale on record.
SmileDirectClub Posts Losses on Sales, Marketing Spending
SmileDirectClub posted wider losses in the latest quarter as the
company continued to spend heavily on marketing and sales, as well
as other expenses.
China's Cosco Pours More Money Into Greek Port
Chinese shipping giant Cosco Group plans to invest around $1
billion in Greece's Port of Piraeus to help turn the site into a
main entry point for China's exports to Europe.
(END) Dow Jones Newswires
November 12, 2019 23:15 ET (04:15 GMT)
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