News Highlights: Top Company News of the Day
November 17 2017 - 1:15PM
Dow Jones News
Stitch Fix Shares Climb in Debut After Disappointing IPO
Shares of Stitch Fix traded higher in their market debut after
the pricing of the fashion startup's initial shares fell short of
expectations in a setback for the initial public offering
market.
Abercrombie, Foot Locker Return Some Luster to Apparel Sellers
Specialty retailers, including Abercrombie & Fitch and Foot
Locker, gave some hope to investors that their businesses were
evolving with the times, providing a reprieve after a sluggish
start to the year as they warned that changes in shoppers' habits
would hurt profits.
Diageo Sues 'King of Good Times' for Alleged Breach of Contract
Diageo is suing Vijay Mallya for allegedly breaching a deal
struck last year to cut ties with its India unit in return for
millions of dollars, the latest twist in a yearslong saga between
the Indian billionaire and the world's largest liquor maker.
VW Accelerates Electric Car Effort With $40 Billion Investment
Volkswagen plans to invest around $40 billion over the next five
years to develop electric vehicles, self-driving cars and Uber-like
mobility app services in the clearest sign yet that auto makers are
betting the future of their industry on the new technology.
Wells Fargo Executive Fired After Complaining About Regulators
Wells Fargo fired its head of consumer lending because of
disparaging remarks he made about the regulatory system to a
previously terminated senior employee.
EA Pulls Microtransactions From 'Star Wars Battlefront II' After Backlash
Electronic Arts halted in-game sales of virtual goods in its
sequel to "Star Wars Battlefront" on the eve of the game's launch,
bowing to pressure from customers fearing big spenders could gain
an unfair edge.
Vox Media Editorial Staffers to Unionize
Editorial staffers at Vox Media have voted to unionize, making
it the latest digital publisher to see its workforce organize amid
a tougher online advertising landscape.
How GE Can Win Back Investors
A strong market for industrial assets gives GE a chance to win
investors back after the company's dividend cut.
Google to Double Presence in Japan
Alphabet's Google plans to move in 2019 to a new Tokyo office
big enough to double its staff to ride a wave of technology
investment in Asia and challenge Amazon.com and Microsoft.
Delta, JetBlue Battle for Boston Fliers
JetBlue Airways and Delta Air Lines are ramping up a turf war in
Boston. A diverse economy and high concentration of business fliers
are spurring airlines to expand at Boston's Logan International
Airport, which generates outsize revenue for its size.
(END) Dow Jones Newswires
November 17, 2017 13:00 ET (18:00 GMT)
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