News Highlights: Top Company News of the Day
November 20 2018 - 1:15PM
Dow Jones News
Retail Stocks Get Crushed Despite Hopeful Sales
A parade of retail chains reported rising sales in the latest
quarter, but investors were unimpressed, dumping shares of Target,
Kohl's and others that released quarterly results.
Campbell Shows Signs of Improving Sales Ahead of Shareholder Vote
Campbell Soup said its plan to refocus on its namesake business
helped slow declines in its U.S. soup sales, as it looks to rally
investor support amid pressure from an activist investor.
Ghosn Probe Creeps Closer to Renault
Nissan Motor informed Renault it has evidence of potential
wrongdoing at the Dutch joint venture-led by Carlos Ghosn-that
manages the auto makers' alliance.
Barnes & Noble Trims Losses Despite Weaker Sales
Barnes & Noble posted a narrower than expected loss of $27.4
million in the latest quarter as the struggling bookseller worked
to lower expenses and turn around its store operations.
Apple's Deal With Google Is a Two-Way Street
Google's payments to Apple bring it something of value, despite
Apple's privacy enhancements.
Bain, KKR Set Up Toys 'R' Us Severance Fund
The two private-equity firms that owned the retailer before its
bankruptcy have each put up $10 million to pay the thousands of
workers who were left without jobs.
Samsung's Top-Secret Galaxy S Phone Is a 5G Monster With Six Cameras
Samsung Electronics is planning a major technological advance
for its 10th anniversary flagship phones next year, including
next-generation 5G network speeds, bigger screens and more cameras,
according to people familiar with the matter.
Lowe's to Exit Mexico Retail Business, Shed Contracting Service
Lowe's plans to exit its retail businesses in Mexico and shed
two of its lower-performing home-improvement businesses in a bid to
refocus its core operations and help it compete with rival Home
Depot.
Nielsen Holdings Names IBM's David Kenny as CEO
Nielsen Holdings appointed David Kenny as CEO, as the ratings
and data giant reviews its strategic options amid activist pressure
to either sell or spin off parts of its assets.
China's JD.com Suffers Share Drop on Customer Decline, CEO Worries
Investors sent shares to their lowest point in more than two
years, as questions continue to hang over the future of CEO Richard
Liu, who is under investigation for suspected rape.
(END) Dow Jones Newswires
November 20, 2018 13:00 ET (18:00 GMT)
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