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News Highlights: Top Company News of the Day

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12/02/2019 | 03:16pm EST
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.

Silver Lake to Retool Its Top Ranks 

Silver Lake is rejiggering its top leadership ranks, elevating two longtime executives to lead the firm as it enters a new chapter in its growth.

Nissan CEO, in Second Day on Job, Says Auto Alliance Is Key to Growth 

Nissan Motor's new chief executive, Makoto Uchida, said the troubled auto maker's fortunes depended on its alliance with partners Renault and Mitsubishi, and he called for closer cooperation among the three.

Bloomberg in 2020: The Buyout, Not the Candidate 

Were the financial-data company Michael Bloomberg founded ever to do a deal, it would be a momentous event for fintech investors.

Chinese Citizens Must Scan Their Faces to Register for New Mobile-Phone Service 

Chinese citizens registering for new mobile-phone services will now have to scan their faces to verify their identities, a move that will further increase the government's scrutiny of its people.

CVS Health to Acquire IlliniCare Health 

CVS Health said it will acquire Centene's Illinois health-plan subsidiary, IlliniCare Health, as part of Centene's pending acquisition of WellCare Health Plans.

Stocks mentioned in the article
ChangeLast1st jan.
APACHE CORPORATION -1.31% 33.1 Delayed Quote.29.35%
CVS HEALTH CORPORATION 1.04% 76.05 Delayed Quote.2.37%
FEDEX CORPORATION 0.25% 159.54 Delayed Quote.5.25%
GARRETT MOTION INC. 1.08% 10.32 Delayed Quote.3.30%
HONEYWELL INTERNATIONAL INC. 0.85% 182.26 Delayed Quote.2.97%
LONDON BRENT OIL 0.48% 64.99 Delayed Quote.-2.39%
MITSUBISHI CORPORATION -0.26% 2871.5 End-of-day quote.-0.16%
RENAULT 0.14% 39.54 Real-time Quote.-6.27%
SILVER 0.52% 18.015 Delayed Quote.1.08%
UNITED PARCEL SERVICE 0.58% 118.61 Delayed Quote.1.32%
WELLCARE HEALTH PLANS 0.63% 338.83 Delayed Quote.2.61%
WTI 0.49% 58.85 Delayed Quote.-5.35%
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