News Highlights: Top Company News of the Day
March 21 2019 - 9:30PM
Dow Jones News
Pinterest Steps Up IPO Plans, Aims to List Shares on NYSE in April
Pinterest Inc. has sped up the timing of its initial public
offering as the image-search company looks to tap into a red-hot
market for new issues, according to people familiar with the
matter.
Levi CFO Returns to NYSE to Float Another Family-Owned American Icon
Harmit Singh, dressed entirely in denim, helped ring the opening
bell at the New York Stock Exchange Thursday, marking the return of
Levi Strauss & Co. to the public markets.
Nike Posts Quarterly Sales Gain, Says Growth Will Slow
Nike said strong consumer demand in the U.S. and China helped
the company sell more products at full price and through its own
apps and websites in the holiday quarter, but it cautioned that
sales growth would slow
Samsung Probed U.S. Marketing Operation Over Dealings With Business Partners
Samsung audited its U.S. marketing operation to investigate
whether employees violated company policies in their dealings with
business partners, resulting in layoffs of a number of
staffers.
Judge Pushes New Sears to Resolve Dispute With Old Company
Edward Lampert's new Sears was pushed by a bankruptcy judge to
smooth over its disagreements with the entity left behind in
bankruptcy protection.
J.Crew Debt Drops After Company Admits 'Strategic Missteps'
Investors fled J.Crew Group's debt after the retailer posted a
quarterly loss and acknowledged "strategic missteps" in its
marketing strategy despite growth in the company's Madewell
brand.
Hundreds of Millions of User Passwords Exposed to Facebook Employees
Facebook for years stored hundreds of millions of user passwords
in a format that was accessible to its employees, in yet another
privacy snafu for the social-media giant.
Paulson Opposes Newmont's Merger Deal with Goldcorp
Paulson said it opposes Newmont Mining's $10 billion merger with
Goldcorp because it would transfer away significant gains from a
recently announced joint venture.
Insurers and Hedge Fund Form Creditor Group in PG&E Bankruptcy
A group of insurance companies and a hedge fund have formed a
creditor group to attempt recouping the billions of dollars in
insurance payouts from PG&E stemming from damage caused by
California wildfires, court documents show.
GameStop Names New CEO
GameStop Corp. has named George Sherman as its next chief
executive, ending a monthslong search for a candidate to lead the
videogame retailer
(END) Dow Jones Newswires
March 21, 2019 21:15 ET (01:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.