News Highlights: Top Company News of the Day

Date : 12/03/2019 @ 12:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

FBI Warns FaceApp Could Pose Counterintelligence Threat 
 

The FBI said certain Russian-made software, including the viral hit FaceApp, pose a potential counterintelligence threat and could put Americans' private data at risk.

 
Hostess Brands Buying Wafer Maker for $320 Million 
 

The maker of Twinkies wants to expand its portfolio with a new bet on wafers, cookies and sugar-free treats.

 
J.Crew Gets Lender Approval for Madewell IPO 
 

Under an agreement with its lenders, J.Crew may separate from Madewell and conduct an initial public offering of the unit, according to a Monday securities filing.

 
Cloud Companies Can't Afford to Come Up Short 
 

It is a big week for cloud companies-and potentially for a growing number of investors betting against them.

 
Highland Capital Management Loses Fight to Keep Bankruptcy in Delaware 
 

Bankrupt fund manager Highland Capital Management LP lost its fight to keep its chapter 11 proceedings in Delaware, with a judge siding with a group of unsecured creditors who wanted the case moved to Dallas.

 
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.

 
 

(END) Dow Jones Newswires

December 02, 2019 19:15 ET (00:15 GMT)

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