News Highlights: Top Company News of the Day
November 12 2019 - 1:30PM
Dow Jones News
McDonald's Sued, Accused of Ignoring Harassment at a Restaurant
The American Civil Liberties Union and a group of McDonald's
workers from Michigan sued the fast-food giant, accusing the
company of not properly handling allegations of sexual harassment
at one of its restaurants.
Boeing Wide-Body Deliveries Fall Short
Boeing said that deliveries of widebody jets continue to lag
targeted production rates, putting further pressure on cash flows
weakened by a grounding of the 737 MAX now entering its ninth
month.
Disney+ Streaming Service Makes Debut to Glitches, High Demand
Walt Disney's big streaming debut of Disney+ arrived with
technical glitches that the company blamed on unexpectedly high
demand.
Dean Foods Files for Chapter 11 Bankruptcy
Dean Foods, the biggest U.S. milk company, filed for bankruptcy
after struggling for years with declining U.S. milk consumption and
rising competition.
CBS Reports Lower Profit on Content, Merger Costs
CBS said profit fell about 35% in the third quarter, in part
because the entertainment and media company faced higher costs
related to its planned merger with Viacom.
Tyson Posts Weaker Profit After Fire at Beef Plant
Tyson Foods said profit fell by almost one-third in its latest
quarter, in part because a fire forced it to temporarily close a
major beef-processing plant.
Nissan Slashes Forecasts as Sales and Profit Fall on Weak Demand
The results showed the auto maker struggling to overhaul its
business, hurt both by a downturn in the global auto industry and
turmoil within the company in the year since the arrest of former
Chairman Carlos Ghosn.
Juul to Cut Roughly 650 Jobs, or 16% of Workers
The embattled e-cigarette maker also plans to cut $1 billion in
spending next year as it braces for a hit in sales after
voluntarily stopping the sale of its most popular flavor in the
U.S.
Zillow, Opendoor Pay Close to Market Value for Homes, Study Says
Companies using technology to make rapid cash offers to home
sellers are typically paying their customers close to market value,
a new study found.
Financial Times Appoints First Female Editor
The U.K.'s Financial Times newspaper appointed its first woman
editor in its 130-year history in the publication's first change of
editorial leadership since 2005.
(END) Dow Jones Newswires
November 12, 2019 13:15 ET (18:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.