News Highlights: Top Company News of the Day
June 17 2019 - 7:30PM
Dow Jones News
Target Outages Illustrate Retail's Growing Tech Complexity
The technical problems at Target stores over the weekend
illustrate the challenge of unifying a large retailer's technology
infrastructure with its bricks-and-mortar presence and underscore
the importance of having trusted vendors and backup plans.
Boeing's New Long-Haul Jet Faces Delay
General Electric is having to redesign an engine part for the
Boeing 777X, meaning a delay for its first test flight and
potentially for the first delivery of the long-haul passenger jet
to customers.
San Francisco Fed Wants to Reward Banks for Climate-Change Loans
The Federal Reserve Bank of San Francisco says banks can get
extra credit for making loans that help communities adapt to
climate change and prepare for future natural disasters.
Exxon, Chevron, Amazon Targeted by Investors Over Environmental Disclosures
Some of the world's biggest companies are coming under fire from
88 investors with nearly $10 trillion in assets, including HSBC
Global Asset Management and the Washington State Investment Board,
for not providing standardized environmental disclosures.
Forget the Mall, Shoppers Are Buying Gucci at Airports
Makers of luxury goods from liquor to perfume think they have
found the antidote to the fading American shopping mall: airport
terminals.
KPMG Agrees to Pay $50 Million Penalty Tied to Misconduct Allegations
KPMG agreed to pay $50 million to settle allegations that former
employees got an unlawful sneak peek at regulators' plans to
inspect its work and auditors at the firm cheated on internal
training exams.
Morgan Stanley Launches New Impact-Investing Portfolio Suite
Morgan Stanley has bolstered its impact-investing offering with
six new portfolios to meet heightened demand for sustainable
investing.
Art Collector Patrick Drahi to Take Sotheby's Private in $2.7 Billion Deal
French billionaire Patrick Drahi is buying Sotheby's for $2.7
billion, ending the storied auction house's 31-year run as a public
company as it seeks to expand its digital business.
Pfizer to Buy Array BioPharma
Pfizer agreed to buy Array BioPharma for $10.64 billion, as the
pharmaceutical company looks to expand its pipeline of cancer
therapies.
Huawei Expects $30 Billion Revenue Hit From U.S. Clampdown
The U.S. campaign against Huawei is taking a toll, with the
company's founder forecasting a hit to revenue of about $30 billion
over the next two years.
(END) Dow Jones Newswires
June 17, 2019 19:15 ET (23:15 GMT)
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