News Highlights: Top Company News of the Day
March 15 2019 - 1:30AM
Dow Jones News
Tesla's Musk Unveils Model Y SUV in Next Big Wager
Elon Musk on Thursday night unveiled the Model Y compact
sport-utility vehicle with an eventual starting price of $39,000,
his next big bet for Tesla Inc. to appeal to a wider swath of
electric car buyers.
Tesla CFO Moves to Rebuild Finance Team With New Accounting Chief
Zach Kirkhorn on Thursday formally took the reins as CFO from
Deepak Ahuja, a longtime confidant of Chief Executive Elon Musk who
first joined Tesla in 2008. Tesla also named Vaibhav Taneja to the
chief accounting officer post that has been vacant since
September.
Former Mt. Gox Bitcoin Bigwig Is Found Guilty, Won't Likely Do Time
The former chief of what was once the world's largest bitcoin
exchange was found guilty by a Tokyo court on some charges but
received a suspended sentence, meaning he probably won't have to
serve time in prison.
Las Vegas Sands Settles Macau Dispute
A years-old dispute over casino mogul Sheldon Adelson's entry
into the high-stakes Macau market that Las Vegas Sands Corp. twice
lost-and successfully appealed-came to an abrupt end Thursday.
British American Tobacco's Canadian Unit Files for Bankruptcy in U.S.
British American Tobacco put one of Canada's top cigarette
distributors into bankruptcy protection in the U.S. after that
subsidiary, sued by Quebec smokers in 1998 for hiding health risks,
was ordered to pay 9.2 billion Canadian dollars (US$6.9
billion).
Prominent Tech Investor Is Leaving Tiger Global
Lee Fixel, one of the best-known investors in private technology
companies, intends to leave Tiger Global Management after a 13-year
run.
Boeing Halts 737 MAX Deliveries
The plane maker suffered dual setbacks when it paused deliveries
of its 737 MAX jet and an Air Force official raised concerns about
one of Boeing's biggest military-plane programs.
TPG Fires McGlashan After College Admissions Scandal
Private-equity firm TPG ousted William McGlashan Jr., founder of
its growth investment unit and head of the firm's impact investment
team, on Thursday after he was charged in this week's wide-ranging
criminal college admissions scandal.
Hallmark Channel Fires Lori Loughlin in Wake of College-Admissions Scandal
Hallmark Channel said it would no longer work with Lori Loughlin
after she and her husband were charged with paying bribes to boost
their two daughters' chances of getting into the University of
Southern California.
Boeing Rebuked Over Tanker
The U.S. Air Force has lost confidence in Boeing's ability to
maintain quality control over a new aerial refueling tanker it is
building, with a top Pentagon official saying it could take at
least a year to rebuild trust in the program.
(END) Dow Jones Newswires
March 15, 2019 01:15 ET (05:15 GMT)
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