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News Highlights: Top Company News of the Day

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10/11/2019 | 05:15pm EST
FAA, Boeing Criticized for Oversights in MAX's Design 

An international panel of experts said inadequate U.S. safety oversight, combined with Boeing's failure to properly assess and communicate important design changes, contributed to two fatal crashes of the company's 737 MAX aircraft.

Citibank Fined $30 Million in Real-Estate Holding Rules Case 

A U.S. banking regulator has fined an arm of Citigroup $30 million, saying it violated holding period regulations on foreclosed real estate.

Mastercard, Visa, eBay Drop Out of Facebook's Libra Payments Network 

The biggest financial companies recruited by Facebook to launch a cryptocurrency-based payments network have backed out of the project, threatening to derail an ambitious initiative to remake global finance.

Barneys Bankruptcy Lenders Extend Bid Deadline Until Tuesday 

Barneys New York's lenders extended until Tuesday a deadline for the luxury retailer to clinch an offer from a buyer.

Reynolds Files for FDA Review of Vuse E-Cigarettes 

Tobacco giant Reynolds submitted an application for some of its Vuse e-cigarettes to the FDA,seeking permission to keep its vaping products on the market.

Fox News Anchor Shepard Smith Steps Down After 23 Years on the Air 

Fox News Channel anchor Shepard Smith is leaving the network he has been a part of since it launched in 1996.

GM Talks With UAW Hit Impasse, Propelling Strike Into the Weekend 

General Motors and the United Auto Workers accused each other of not working hard enough to reach a new four-year contract, end the 26-day strike and put 46,000 full-time factory employees back to work.

Secret Recordings Describe Extensive Corruption at Mexico's Pemex 

Officials at the state-run oil company describe widespread bribery and corruption in secret audio tapes that are part of evidence in a lawsuit against the Mexican government. Oil-field drilling company Oro Negro says Pemex helped drive it into bankruptcy because the driller refused to pay bribes.

Investors Approve UTC-Raytheon Merger 

Shareholders backed the creation of one of the world's largest aerospace companies, voting in favor of the $135 billion combination of United Technologies and Raytheon.

Publicis Shares Plunge After Ad Giant Cuts Guidance 

Shares in Publicis dropped sharply after the advertising giant lowered its guidance for the second time in a year, stoking fears about the ad industry's ability to cope with a host of challenges including the increasing dominance of tech giants.

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) 4.55% 366.96 Delayed Quote.8.84%
CITIGROUP INC. -0.68% 75.6 Delayed Quote.45.22%
EBAY INC. 0.31% 35.25 Delayed Quote.25.19%
FACEBOOK -0.64% 189.61 Delayed Quote.44.64%
GENERAL MOTORS COMPANY 0.13% 38.72 Delayed Quote.15.61%
LONDON BRENT OIL -0.34% 62.06 Delayed Quote.15.20%
MASTERCARD 0.77% 277 Delayed Quote.45.71%
PUBLICIS GROUPE 0.20% 40.21 Real-time Quote.-19.71%
RAYTHEON 0.07% 216 Delayed Quote.40.85%
UNITED TECHNOLOGIES CORPORATION -0.44% 148.22 Delayed Quote.39.82%
WTI 0.16% 56.68 Delayed Quote.25.40%
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