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News Highlights: Top Company News of the Day

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12/03/2019 | 09:16pm EST
Google Co-Founders Page, Brin Give Up Management Roles 
 

Larry Page and Sergey Brin said they would hand control of Alphabet immediately to Sundar Pichai, Google's existing CEO, stepping back at a potential inflection point for the company.

 
United Airlines to Buy 50 Airbus Jets 
 

United Airlines struck a deal to buy 50 long-range Airbus jets to replace its aging fleet of Boeing 757s, which are due to be retired in coming years.

 
Elon Musk Takes the Stand in Defamation Lawsuit 
 

Elon Musk told a Los Angeles jury that a Twitter message he sent last year suggesting a man in Thailand was a pedophile wasn't, in fact, meant to connotate a dictionary definition of the word.

 
Salesforce Posts Loss After Closing Its Biggest Acquisition 
 

Salesforce posted a fiscal third-quarter net loss after closing its biggest-ever acquisition even as customer billings remained on a growth track.

 
Wyndham Hotels Promotes Finance Exec to CFO Amid Post-Spinoff Growth Push 
 

The Parsippany-Troy Hills, N.J.-based hotel company said Tuesday that Michele Allen, the company's treasurer and executive vice president, has been named chief financial officer. She succeeds David Wyshner, who will serve in a senior advisory role until March 1.

 
Glencore Signals 2020 Management Change 
 

The mining company signaled it intends to make management changes next year that would pave the way for the retirement of its CEO, Ivan Glasenberg.

 
Bridgewater Co-CEO to Leave the Hedge Fund 
 

Bridgewater Associates said Eileen Murray, one of its two chief executives, plans to step down, marking the culmination of a succession plan at the world's largest hedge fund.

 
Fidelity's Asset-Management Chief to Retire in February 
 

The head of Fidelity Investments' asset-management business, Steve Neff, will retire in February and be succeeded by fellow executive Bart Grenier as the fund firm continues to deal with investors' growing appetite for low-cost index portfolios.

 
Equifax, Norsk Hydro Executives Describe Chaos After Attacks 
 

Cyberattacks often cause pandemonium and the cleanup can take far longer than the public thinks, say executives from companies that have suffered hacks.

 
Foreign Auto Makers Report Higher U.S. Sales 
 

Major foreign auto makers including Toyota and Honda reported higher vehicle sales in the U.S. for November.

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -2.21% 129.86 Real-time Quote.-0.48%
ALPHABET INC. 0.35% 1518.73 Delayed Quote.13.39%
BOEING COMPANY (THE) -0.68% 340.49 Delayed Quote.5.24%
EQUIFAX INC. 0.43% 162.96 Delayed Quote.16.30%
GLENCORE -1.62% 233.95 Delayed Quote.-0.59%
HONDA MOTOR CO., LTD. -1.05% 2960 End-of-day quote.-3.49%
NORSK HYDRO ASA -0.71% 29.51 Delayed Quote.-8.95%
TESLA, INC. -0.49% 800.03 Delayed Quote.91.24%
TOYOTA INDUSTRIES CORPORATION -0.48% 6200 End-of-day quote.1.14%
WYNDHAM HOTELS & RESORTS, INC. -0.29% 58.93 Delayed Quote.-6.18%
WYNDHAM WORLDWIDE -0.48% 49.4 Delayed Quote.-4.43%
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