News Highlights: Top Company News of the Day
October 09 2019 - 5:30PM
Dow Jones News
Marco Rubio Calls for Review of TikTok Deal
U.S. Sen. Marco Rubio is calling for a national-security review
of the 2017 deal that enabled the Chinese owner of video-sharing
app TikTok to expand its reach in the U.S., saying the platform's
moderators are censoring content to appease Beijing.
Purdue Settlement Hinges on Deal With DOJ, Documents Show
OxyContin maker Purdue Pharma's plan to turn over its operations
to creditors and see its owners, the Sacklers, exit the opioid
business is contingent on first resolving Justice Department
probes, court filings show.
Dollar General Boosts Digital Strategy
The discount-store chain is working on making it possible for
customers to buy its wares online and pick them up at a nearby
store, a move that analysts say could help the retailer attract a
younger demographic.
Activision Weighs China's Call Against Duties Back Home
There would seem to be no bad time to put out a hot new
videogame, though Activision Blizzard may have found one.
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.
Power Outage in California Affects Millions as PG&E Tries to Avoid Wildfire
PG&E Corp. began cutting power to about 800,000 households
and businesses across California in an unprecedented move to lower
the threat of wildfires in the face of the kind of windstorm that
previously fueled deadly infernos and propelled the utility into
bankruptcy court.
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.
(END) Dow Jones Newswires
October 09, 2019 17:15 ET (21:15 GMT)
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