News Highlights: Top Company News of the Day
Purdue Pharma Near Settlement with Cities, States Over Opioids
Purdue Pharma is close to securing support from states and local
governments for a multibillion-dollar deal that will enable it to
resolve mounting litigation.
As Juul Moves Abroad, It's Leaving Some of Its U.S. Restrictions Behind
As Juul Labs Inc. expands its e-cigarettes internationally, it
hasn't placed the same restrictions on sales to combat underage
vaping in Asia and other markets around the world as it has in the
Forever 21 Plans Bankruptcy Filing
The retail chain has faced a cash crunch for months, according
to people familiar with the matter.
HSBC Looks to Unload French Retail Bank
The move to reduce its footprint in Europe would be one of its
first strategic actions under new interim Chief Executive Noel
California Passes Landmark Bill Requiring Contract Workers to Be Labeled as Employees
California passed landmark employment legislation that
challenges the business model of such "gig-economy" companies as
ride-hailing giants Uber Technologies and Lyft, some of the
brightest stars in Silicon Valley.
GM Recalls 3.5 Million Trucks, SUVs Over Brake Defect
GM is recalling about 3.5 million 2014-2018 model-year trucks
and SUVs in the U.S. to fix a problem that makes it harder for
drivers to apply the brakes.
Nissan Management Withholds Full Ghosn Report From Board
Nissan Motor's management has yet to give its board the complete
170-page report detailing alleged wrongdoing by former Chairman
Carlos Ghosn, drawing complaints from some directors.
Hong Kong Stock Exchange Makes $36.6 Billion Offer for London Rival
A deal would unite two of the world's major stock exchanges when
both regions are under political pressure, with Hong Kong reeling
from a summer of violent protests and London gripped by political
Mexican Government Gives Pemex $5 Billion Capital Injection
The Mexican government plans to give state oil company Petroleos
Mexicanos a $5 billion capital injection to lower debt and help
stabilize the company's finances, the Finance Ministry said.
A New Land Rover Drops, and Other Scenes From the Auto Show
Digital displays, electric vehicles and talk of China's slowing
auto market dominated the 2019 IAA Frankfurt Motor Show, but the
return of the Land Rover Defender made a big impression.
(END) Dow Jones Newswires
September 11, 2019 15:15 ET (19:15 GMT)
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