News Highlights: Top Company News of the Day
December 06 2018 - 7:30PM
Dow Jones News
Fiat Chrysler to Open New Assembly Factory in Detroit
Fiat Chrysler plans to open a new factory in Detroit, the first
new U.S. assembly plant to be built by a major domestic car maker
in at least a decade.
HSBC Monitor Flagged Suspicious Huawei Transactions to Prosecutors
A federally appointed overseer at HSBC flagged suspicious
transactions in the accounts of Huawei to prosecutors seeking the
extradition of the Chinese company's CFO.
Why Huawei Matters
Huawei Technologies Co. has been the target of a yearslong,
multipronged effort by Washington to limit the telecom-equipment
giant's footprint, both in the U.S. and around the world.
Broadcom's Chips Keep Cashing In
The chip maker has a busy year ahead but with a stock still at a
historically low valuation, its investors can afford to hang on for
the ride.
Microsoft Pushes Urgency of Regulating Facial-Recognition Technology
Microsoft Corp. is urging governments world-wide to enact
regulation of facial-recognition technology next year that requires
independent assessment of accuracy and bias and prohibits ongoing
surveillance of specific people without a court order.
Two Former Tesco Executives Acquitted in Fraud Trial
The U.K's Serious Fraud Office opened an investigation in
October 2014 after Tesco disclosed it had overstated its profit by
more than GBP250 million.
CBS Acting CEO Says Moonves Probe Nearing End
CBS Corp.'s acting chief executive told employees he believes
the investigation into alleged sexual misconduct by former CEO
Leslie Moonves is nearing an end and sought to reassure them after
revelations about the probe this week.
Government Faces Skeptical Judges in AT&T Appeal
A federal appeals court voiced skepticism Thursday of the
Justice Department's bid to roll back AT&T Inc.'s acquisition
of Time Warner.
J&J's Actelion to Pay $360 Million in Federal Probe of Payments to Charity
Actelion Pharmaceuticals will pay $360 million to settle
government allegations the company used a foundation to pay
kickbacks meant to encourage Medicare patients to buy its
drugs.
Coca-Cola CEO to Add Chairman's Role
Coca-Cola Chief Executive James Quincey will add the role of
chairman next year, succeeding Muhtar Kent.
(END) Dow Jones Newswires
December 06, 2018 19:15 ET (00:15 GMT)
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