News Highlights: Top Company News of the Day
13 November 2019 - 11:15AM
Dow Jones News
Apple Supplier Foxconn's Profit Gains Despite iPhone's Sales Drop
The world's largest contract electronics maker's net profit rose
23.3% in the third quarter , beating expectations.
Alibaba's Secondary Hong Kong Listing Gets the Nod
Alibaba Group's leaders used the code "Project Orange" to
discuss the company's blockbuster initial public offering in 2014.
Now they are close to seeing the fruition of "Project Tangerine,"
the internal name for their effort to raise up to $15 billion in a
secondary listing in Hong Kong.
Google's 'Project Nightingale' Triggers Federal Inquiry
Google's project with the country's second-largest health system
to collect detailed information on 50 million American patients
sparked a federal inquiry and criticism from patients and
lawmakers.
Nike to Stop Selling Directly to Amazon
Nike said it would stop selling its clothes and sneakers
directly to Amazon.com, an about-face for the sportswear brand.
Saint-Gobain in U.S. Expansion
France's Saint-Gobain plans to broaden its asset portfolio and
increase its U.S. presence with the agreed acquisition of
Continental Building Products for about $1.4 billion.
Overstock Shares Hit Seven-Year Low as SEC Expands Investigation
Overstock shares hit the low after the online retailer disclosed
that a government investigation has widened to focus on the stock
plans of some of its executives.
Tesla to Build European Car Plant in Berlin Area
Tesla Chief Executive Elon Musk said the auto maker would build
a planned European plant to assemble electric vehicles in
Germany.
Apple TV+ in Talks to Add Ex-HBO Chief to Producer Lineup
Former HBO Chairman and Chief Executive Richard Plepler is in
advanced talks to sign an exclusive production deal with Apple's
new TV+ streaming service, according to a person familiar with the
matter.
Russia's Sberbank Names Former Rusal CEO as Finance Chief
The appointment of Alexandra Bouriko, who is expected to join
Moscow-based Sberbank on Jan. 1, comes as Russian banks are
experiencing heightened domestic demand for loans as U.S. sanctions
force Western banks to sever ties with some Russian clients.
Major Midwest Hospital Systems Call Off Planned Merger
Two Midwestern hospital giants became the latest to break off
merger talks, another drag on deal making across the $1 trillion
hospital sector.
(END) Dow Jones Newswires
November 13, 2019 05:00 ET (10:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.