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News Highlights: Top Company News of the Day

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10/08/2019 | 11:16pm EST
J&J Hit With $8 Billion Jury Award Over Antipsychotic Drug 

A Philadelphia jury ordered Johnson & Johnson to pay $8 billion in damages to a man who said his use of J&J's antipsychotic Risperdal caused enlarged breasts.

Boeing 737 MAX's Return to Service Faces Further Delays 

Boeing's effort to return 737 MAX jets to service has hit a new snag due to heightened European safety concerns about portions of proposed fixes to flight-control systems.

Lions Gate Considers Spinning Off Starz Through Investment Vehicle 

Lions Gate is considering splitting off its Starz premium-cable channel into a separate company, as the studio looks to reduce its hefty debt load and allow shareholders to invest directly in either of the businesses.

U.S. Steel to Cut Costs, Swap CFO 

United States Steel said it would impose a round of cost cuts and organizational changes days after committing $700 million to buy a stake in a lower-cost rival.

Aramco IPO Prospectus Due to Be Published Before Month-End 

The Saudi state oil company could float 1% to 2% of its shares on its domestic exchange by late November or early December.

Senate Faults Tech Giants for Role in Russian Election Meddling 

A Senate investigation of Russia's social-media influence criticized U.S. tech giants, with new attention on Google and YouTube, for helping spread misinformation during the 2016 presidential election and pushed them to better coordinate to prevent a repeat next year.

GM-UAW Contract Talks Zero In on Wages 

Reaching a resolution on wage increases is one of the few remaining obstacles to getting a new tentative labor pact for the auto company's 46,000 full-time factory workers and ending a 23-day strike.

Activision Suspends Esports Player Who Backed Hong Kong Protesters 

Activision Blizzard suspended an esports competitor from one of its tournaments for backing antigovernment protesters in Hong Kong as tensions intensify between Beijing and the NBA over a similar expression of support.

Robinhood Joins the Online Cash War 

Robinhood Markets plans to offer a new higher-yielding cash account, in a bid to grow from its commission-free trading roots as bigger rivals scrap trading fees.

Tesla Needs Its Battery Maker. A Culture Clash Threatens Their Relationship. 

CEO Elon Musk's behavior has rattled some top executives at Panasonic, and both sides are pointing fingers about production. "If the Gigafactory project doesn't succeed, we would both fail."

Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD -1.09% 51.95 Delayed Quote.12.78%
ALPHABET -0.08% 1297.21 Delayed Quote.24.24%
BOEING COMPANY (THE) -1.11% 362.88 Delayed Quote.8.84%
JOHNSON & JOHNSON -0.48% 131.35 Delayed Quote.3.06%
LONDON BRENT OIL -0.45% 61.97 Delayed Quote.15.20%
PANASONIC CORPORATION 0.10% 1021 End-of-day quote.6.35%
TESLA INC. 1.40% 349.93 Delayed Quote.3.69%
UNITED STATES STEEL CORPORATION -0.15% 13.73 Delayed Quote.-24.34%
WTI -0.07% 56.61 Delayed Quote.25.40%
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