News Highlights: Top Company News of the Day

Date : 10/09/2019 @ 6:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

LVMH 3Q Revenue Rose, Beating Analyst Estimates 
 

Luxury-goods giant LVMH Moet Hennessy Louis Vuitton beat analysts' expectations for its third-quarter revenue despite toughening conditions for luxury players.

 
Facebook CEO to Testify at House Panel About Libra 
 

Facebook CEO Mark Zuckerberg is slated to return to Capitol Hill this month to testify before a House panel about the company's foray into cryptocurrency.

 
Alibaba to Stop Sales of E-Cigarettes to U.S. Buyers 
 

Chinese e-commerce giant Alibaba cited concerns about underage vaping and a lung illness linked to at least 23 deaths.

 
Millions in California Begin Losing Power as PG&E Tries to Avoid Wildfire 
 

PG&E began cutting power to nearly a million households and businesses across California early Wednesday, in an unprecedented move to help lower the region's wildfire threat in the face of the kind of windstorm that previously fueled disastrous infernos.

 
AT&T to Sell Puerto Rico Business as It Looks to Pay Down Debt 
 

AT&T agrees to sell its Puerto Rican and U.S. Virgin Islands businesses to Liberty Latin America for $1.95 billion in cash, allowing the telecom giant to shave its debt load and move closer to repurchasing shares.

 
American Delays 737 MAX's Return,  Grounding Costs Mount 
 

American Airlines expects Boeing's 737 MAX will remain out of service until January in the latest example of how the grounded plane is creating additional costs and logistical burdens for carriers and passengers.

 
Miners' New Worry: Other People's Pollution 
 

Global miners have spent years trying to shrink their carbon footprint. Now they face the threat of lost business if they don't help customers do the same.

 
Nissan Limits Duties of Former Ghosn Aide Hari Nada 
 

Nissan Motor is limiting the duties of a former Carlos Ghosn aide, Hari Nada, after board directors questioned his continued role at the company.

 
Apple Angers China by Approving Cop-Tracking Map App for Hong Kong 
 

Apple is the latest American company to come under fire in China after the iPhone maker approved a map app that allows Hong Kong protesters to track police movements.

 
Saudi Aramco May Restore Capacity Earlier Than Planned 
 

Saudi Arabian Oil may restore its production capacity earlier than planned following the attacks last month on one of its oil facilities, and its chief executive insisted plans to list the company had not been affected.

 
 

(END) Dow Jones Newswires

October 09, 2019 13:15 ET (17:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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