Top Company News of the Day: General Motors, Country Garden, Huawei, Disney

Canadian Auto Workers Strike General Motors

Canadian auto workers went on strike against General Motors after the carmaker failed to reach a temporary agreement by the deadline.

China’s Country Garden Succumbs to Debt Crisis After Sales Drop

The property giant failed to repay a loan and warned that it was unlikely to pay off all its international debt obligations.

Huawei Supplier Stocks Jump on Robust Product Demand

Robust demand for Huawei products is fueling investor interest in the shares of its suppliers, which have bucked declines in the broader mainland Chinese equities market.

Why Nelson Peltz Grew Impatient With Disney’s Turnaround Efforts

The activist adds shares, while the company plans changes to ESPN, Hulu and its streaming business.

New CNN Boss to Staff: Network Is ‘Nowhere Near Ready for the Future’

On his first day, Mark Thompson told staff the network needs to step up its digital game and said journalists shouldn’t be distracted by debates about balance or false equivalency.

Molson Coors Steps Up Stock Buybacks as Bud Light Boycott Aids Business

The maker of Coors Light and Miller Lite beer expects to maintain the gains it has seen since its rival’s marketing controversy, but analysts say that won’t be easy.

Israel Orders Chevron to Shut Down Gas Platform Near Gaza

The move amounts to a safety precaution amid the deadly conflict that erupted over the weekend.

ABC News, Former Producer Settle Sexual-Misconduct Suit

Kirstyn Crawford had accused ABC News of turning a blind eye to allegations of misconduct by a former executive.

UAW Goes on Strike at Volvo’s Mack Trucks Unit

Nearly 4,000 members of the United Auto Workers union have rejected a proposed five-year contract offering pay increases and a ratification bonus.

Israel Companies Look to Keep Operations Running After Hamas Attack

Some companies in Israel have closed offices or reduced capacity at specific locations, but others have said their activities remain unaffected by the fighting.

Source: Dow Jones Newswires


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