News Highlights: Top Company News of the Day
December 02 2019 - 5:30PM
Dow Jones News
Honeywell Spinoff Sues Former Parent Over Asbestos Liabilities
Garrett Motion, Honeywell's former transportation-systems unit,
alleges that it was forced into a burdensome 30-year
indemnification agreement related to asbestos liabilities before
being spun off.
Apache Shares Plunge Following Scant Update on Oil Prospect
Apache released a sparse progress report on its project to drill
for oil off the coast of Suriname that raised more questions than
answers, leading its shares to fall about 14%.
Tight Holiday-Season Calendar Will Test UPS, FedEx and Amazon
Delivery companies will be especially crunched this holiday
season as they aim to deliver millions more U.S. shopping orders in
six fewer days. 'The math leaves little room for error.'
Amazon Rolls Out Quantum-Computing Service
The company is offering select enterprise customers the ability
to experiment with early-stage quantum-computing services over the
cloud, following others racing to commercialize the emerging
technology.
Korean Shipyard Mega-Merger Hits a Bump in Singapore
A South Korean plan to create a shipbuilding behemoth
controlling roughly 20% of the global market is raising competition
concerns in Singapore, one of many parties that have to approve the
process.
Silver Lake to Retool Its Top Ranks
Silver Lake is rejiggering its top leadership ranks, elevating
two longtime executives to lead the firm as it enters a new chapter
in its growth.
Nissan CEO, in Second Day on Job, Says Auto Alliance Is Key to Growth
Nissan Motor's new chief executive, Makoto Uchida, said the
troubled auto maker's fortunes depended on its alliance with
partners Renault and Mitsubishi, and he called for closer
cooperation among the three.
Bloomberg in 2020: The Buyout, Not the Candidate
Were the financial-data company Michael Bloomberg founded ever
to do a deal, it would be a momentous event for fintech
investors.
Chinese Citizens Must Scan Their Faces to Register for New Mobile-Phone Service
Chinese citizens registering for new mobile-phone services will
now have to scan their faces to verify their identities, a move
that will further increase the government's scrutiny of its
people.
CVS Health to Acquire IlliniCare Health
CVS Health said it will acquire Centene's Illinois health-plan
subsidiary, IlliniCare Health, as part of Centene's pending
acquisition of WellCare Health Plans.
(END) Dow Jones Newswires
December 02, 2019 17:15 ET (22:15 GMT)
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