News Highlights: Top Company News of the Day
March 15 2019 - 3:30PM
Dow Jones News
PricewaterhouseCoopers Settles With FDIC Over Failed Bank Audits
The Federal Deposit Insurance Corp. said it reached a $335
million settlement with PricewaterhouseCoopers related to its
audits of Colonial Bank, a financial institution that failed during
the financial crisis.
Auditor of Vale's Burst Dam Faces Questions Over Other Dam Reviews
The German auditor of a collapsed Brazilian dam has informed the
dam's owner, Vale SA, that an external review panel has raised
questions about its assessment of eight other dams in Brazil,
according to a person familiar with the matter.
Helicopter Company PHI Lands in Bankruptcy for 'Breathing Spell'
Helicopter-services provider PHI Inc. said its bankruptcy filing
late Thursday will give it a "breathing spell" from $500 million in
debt that came due Friday and that it continues to explore options
to reorganize, including negotiating with bondholders.
Ford Slashes More Than 5,000 Jobs in Germany, Targets More Cuts Across Europe
Ford Motor Co. is to cut more than 5,000 jobs in Germany and an
undetermined number of jobs in the U.K., a company spokeswoman said
Friday, after the company launched plans to redefine its struggling
European business earlier this year.
Apple Defends App Store Against Spotify's Claims
Apple defended its practice of taking a 30% cut of sales through
its App Store following criticism from Spotify, escalating a fight
between the tech companies as regulators increasingly scrutinize
the industry.
Amazon Tests Pop-Up Feature Touting Its Cheaper Products
Amazon.com tested a pop-up feature on its app that in some
instances pitched its private-label goods on rivals' product pages,
an experiment that shows the e-commerce giant's aggressiveness in
hawking lower-priced products including its own house brands.
Facebook, YouTube, Twitter Scramble to Remove Video of New Zealand Mosque Shooting
Scenes of the mosque shooting in New Zealand were streamed live
on Facebook and posted on YouTube and Twitter, in a gruesome
example of how social media platforms still can be used to spread
terror.
Interserve Sold to Lenders After Investors Reject Rescue Plan
UPDATED 2:29 PM ET: Interserve said that administrators have
sold the group's business and assets to a new entity controlled by
lenders, hours after shareholders rejected a rescue plan.
Air Canada Suspends 2019 Guidance After Boeing 737 MAX Grounding
Air Canada said it is suspending certain financial guidance,
marking the first big carrier to signal a possible financial hit
because of the grounding of the Boeing 737 MAX.
Activist Seeks Seat on Marriott's Board
Activist investor Land & Buildings is seeking a seat on
Marriott International's board, according to people familiar with
the matter, and believes the world's biggest hotel company should
narrow its brand portfolio.
(END) Dow Jones Newswires
March 15, 2019 15:15 ET (19:15 GMT)
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