News Highlights : Top Company News Of The Day

Huawei Slams Efforts to Block It From 5G Rollout 

A top executive at the Chinese tech giant issued a vigorous defense of the company's business and the safety of its equipment, following the arrest of its chief financial officer in Canada and a campaign by Western powers to curtail its business.

Goldman Sachs Ignored 1MDB Warning Signs 

Goldman Sachs Group Inc.'s push for Asian business and lax oversight of partners led the bank to speed past warning signs in its dealings with a corrupt Malaysian investment fund, internal documents and interviews with people involved in the transactions show.

Ghosn's U.S. Push Raised Tension With Nissan Executives 

Carlos Ghosn's drive to increase Nissan's market share in the U.S. created tension with the company's management, who felt his push came at the expense of investing in Japan.

J&J Slammed by Concern Over Baby Powder Safety 

Johnson & Johnson faced continued concerns on Wall Street about the threat posed by lawsuits over the safety of the company's signature baby powder.

Former CBS Chief Moonves Won't Get $120 Million Severance Payment 

Leslie Moonves won't receive any of his severance package after the company reviewed the findings of a probe into allegations he sexually harassed and assaulted many women during his career.

T-Mobile Takeover of Sprint Clears U.S. Security Panel 

T-Mobile won approval from U.S. national-security officials for its planned takeover of Sprint, bringing the two rivals a step closer to closing their roughly $26 billion combination.

Oracle Revenue Flat as Push to Bolster Cloud Business Continues 

Oracle reported flat revenue for its latest quarter, a result better than what Wall Street had been expecting, as the software giant made progress in a piece of its struggling cloud business.

Trump Administration Blocks Tax Break for Alcohol Companies 

The Trump administration on Monday finalized a regulation limiting the ability of U.S. wineries and global alcohol companies to reduce import taxes.

Elon Musk's New Boring Co. Faced Questions Over SpaceX Financial Ties 

Elon Musk's tunnel-digging venture, the Boring Co., is the latest to be drawn into the billionaire entrepreneur's tradition of spreading overlapping resources across his growing technology empire. On Tuesday, the Tesla chief is set to unveil a test tunnel developed by the Boring Co., the first of what Mr. Musk imagines as a futuristic series of high-speed underground highways to alleviate traffic.

Whirlpool CEO Named Board Chairman 

Whirlpool Corp. Chief Executive Marc Bitzer will become chairman of the appliance maker's board at the end of the year, taking over completely from his longtime predecessor, Jeff Fettig.

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