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News Highlights : Top Company News of the Day

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12/04/2019 | 07:16pm EST
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.

Banking Regulator Rebukes Wells Fargo's HR Operations 

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.

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.

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.

Steven Cohen Is Close to Deal to Buy Majority Stake in New York Mets 

Billionaire Steven A. Cohen is close to an agreement to purchase a majority stake in the New York Mets from Fred and Jeff Wilpon, a move that would give the hedge-fund manager control over a prominent baseball franchise.

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.

Chesapeake Bonds Rally on Refinancing Efforts 

Chesapeake Energy's bonds and shares rallied after the natural gas producer said that it is launching a set of refinancing and exchange transactions.

Delayed MAX Prompts Ryanair to Cut Jobs, Close Bases 

Ryanair Holdings said it would cut jobs and close two bases as it warned traffic growth would slow next year because of new delays in deliveries of its first Boeing 737 MAX aircraft

Insys Creditors Can Begin Voting on Chapter 11 Plan 

Opioid maker Insys Therapeutics faced tough questioning from a bankruptcy judge Wednesday over its plan to bar shareholders from suing anyone involved in the company's demise.

Expedia CEO, CFO Ousted in Clash With Diller, Board 

Expedia Group's chief executive and finance chief were forced to resign after clashing with Chairman Barry Diller and the board over the direction of the travel company.

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