News Highlights: Top Company News of the Day
February 19 2019 - 1:15PM
Dow Jones News
Walmart Posts Strong Holiday Sales Gains in U.S.
Walmart's profit and sales rose over the winter holidays, a sign
that the retail giant lured shoppers from rivals and that Americans
continued to spend freely amid mixed economic signals.
Glencore to Cut Production at Major Copper, Cobalt Mine
Glencore plans to curb production at one of its biggest copper
and cobalt mining operations, Mutanda Mining Sarl in Congo,
potentially taking a sizable portion of two industrial metals out
of circulation.
BHP Posts Big Profit Jump, Expresses U.S.-China Concern
BHP Group's 87% rise in first-half net profit sets the stage for
what should be another solid earnings season for global miners, but
the company sounded a warning over the U.S.-China trade
conflict.
Honda Plans to Shift Some U.K. Civic Production to North America
Honda's chief said he wanted to move some production of Civics
to North America from a closing U.K. car plant, offering an example
of shifts that may ensue after Brexit.
Danske Bank to Shut Estonia Branch Amid Money-Laundering Scandal
Danske Bank is shutting down its operations in Estonia as the
fallout continues from a massive money-laundering scandal that has
led to investigations in several countries.
Alibaba Takes Stake in Bank Backed by Tencent
Chinese e-commerce behemoth Alibaba has joined online rival
Tencent as a sizable shareholder in leading investment bank and
broker China International Capital Corp.
Hedge-Fund Giant Citadel Hires Manager Away From Her Own Fund
Citadel, one of the world's largest hedge-fund firms, has hired
Samantha Greenberg away from her fund, Margate Capital. Ms.
Greenberg is one of the hedge-fund industry's few female
founders.
In Rebuke to U.S., Germany Considers Letting Huawei In
Germany is leaning toward letting the Chinese tech giant
participate in building its high-speed internet infrastructure
despite U.S. warnings.
Car-Rental Company Avis Names New Finance Chief
Avis Budget Group on Tuesday appointed John F. North III as
chief financial officer, a move that comes as the car-rental
company endeavors to boost its share price and its
profitability.
HSBC's Profit Misses Analysts' Expectations
HSBC reported lower-than-expected fourth-quarter profit as
choppy financial markets, U.S.-China trade tensions and Brexit
uncertainty weighed on the global bank.
(END) Dow Jones Newswires
February 19, 2019 13:00 ET (18:00 GMT)
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