News Highlights: Top Company News of the Day
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Huawei Unveils Latest Legal Challenge Against the U.S
Huawei Technologies filed a fresh legal challenge against the U.S., seeking to block a Federal Communications Commission decision last month that further restricts the Chinese telecom giant's ability to operate there.
Judge Approves Millions in Bonuses for Purdue Pharma Employees
A bankruptcy judge approved millions of dollars in bonus and incentive payments for a group of employees of OxyContin maker Purdue Pharma.
New Problems With Takata Air Bags Prompt Recall of 1.4 Million Cars
Auto makers will likely recall 1.4 million cars after new problems were discovered with air bags produced in the 1990s by Takata Corporation, opening another front in the already giant effort to make sure drivers are safe from some devices made by the company.
Fiat Chrysler Workers to Get Better Health Care, Bigger Bonus Checks
A contract agreement at Fiat Chrysler offers workers better pay and health care for new hires and bigger profit-sharing checks, endangering the company's labor-cost advantage over its two Detroit rivals.
Slack Raises Outlook After Winning New Corporate Customers
Slack Technologies raised its full-year outlook and said it added more large corporate users for its workplace-collaboration software in the last quarter.
Alphabet Rallies After Leadership Shuffle
Alphabet shares had their best day in weeks after the co-founders of Google unexpectedly stepped down from active management.
Newsom Slams PG&E Insurance Deal as Wildfire Settlement Takes Shape
Nancy Mitchell, the lawyer representing the governor, said Gov. Gavin Newsom wants assurances that PG&E will come out of bankruptcy financially stable, with cash to invest in new technology and improved safety practices.
Fund Manager M&G Blocks Selling Shares in U.K. Property Fund
M&G on Wednesday blocked investors from cashing out of a $3 billion property fund, as a wave of pain among retailer tenants hammered the fund's holdings.
Banking Regulator Rebukes Wells Fargo's HR Operations
The regulator cited a backlog of employee complaints at Wells Fargo and compensation structures that don't do enough to prevent the kind of behavior that led to its 2016 fake-account scandal.
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