News Highlights: Top Company News of the Day
January 17 2019 - 5:30AM
Dow Jones News
Carlos Ghosn to Stay in Jail After Tokyo Court Denies Bail Again
Carlos Ghosn is set to stay in jail at least until March after
the Tokyo District Court upheld its earlier decision to deny his
release on bail.
Huawei Targeted in Criminal Probe for Alleged Theft of Trade Secrets
American prosecutors are pursuing a criminal investigation of
China's Huawei Technologies for allegedly stealing trade secrets
from U.S. business partners.
Gymboree Files for Chapter 11 Bankruptcy Protection Again
Children's clothing retailer Gymboree Group filed for bankruptcy
protection for the second time in less than two years and plans to
shut its Gymboree and Crazy 8-brand store operations.
France Asks Renault to Name Successor to Carlos Ghosn
France's finance minister said Renault has been asked to call a
board meeting in the coming days to name new leadership. Renault
CEO and Chairman Carlos Ghosn has been held in a Tokyo jail since
his arrest on Nov. 19.
Senate Fails to Block Administration From Easing Russia Sanctions
A Democrat-led effort to block the Trump administration from
easing Russian sanctions failed in the Senate, clearing the way for
the Trump administration to lift restrictions on three companies
controlled by an oligarch close to Vladimir Putin.
Tribune Publishing Recently Tried to Rekindle Merger Talks With Gannett
Gannett was recently approached by Tribune Publishing about
reviving merger talks in the weeks before Gannett became the target
of a takeover bid by MNG, aka Digital First Media.
Microsoft's Answer to Seattle Area's Housing Problem: $500 Million
Microsoft pledged $500 million to support affordable housing in
the Seattle area, an effort to address concern that technology
companies' financial success has pushed less wealthy people out of
their communities.
Alcoa's Fourth-Quarter Revenue In Line With Expectations
Alcoa reported a profit of $43 million, or 23 cents a share, in
the fourth quarter, as its bauxite and alumina segments produced
higher profit despite weakness in commodity prices.
Nordstrom Has Rich-People Problems
Nordstrom's surprising weakness in its full-price stores over
the holidays may point to a wider issue affecting businesses
catering to the affluent.
John C. Bogle, Founder of Vanguard Group, Dies at 89
John Clifton Bogle, founder of Vanguard Group and a crusader for
investors' rights for more than three decades, dies at 89.
(END) Dow Jones Newswires
January 17, 2019 05:15 ET (10:15 GMT)
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