News Highlights: Top Company News of the Day

Date : 12/07/2018 @ 12:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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