News Highlights: Top Company News of the Day
April 24 2019 - 05:30AM
Dow Jones News
Credit Suisse's Revival Gathers Pace as Restructuring Bears Fruit
Credit Suisse reported its strongest quarterly profit in more
than three years aided by its global markets and wealth management
units, suggesting the Swiss bank's three-year restructuring is
starting to pay off.
SoftBank to Invest $1 Billion in Payments Firm Wirecard
Japan's SoftBank Group plans to invest about $1 billion in
Wirecard, forging a partnership that allows SoftBank to take a
minority stake in the German payments company.
Nissan Issues Second Profit Warning Amid Falling Sales
Nissan Motor Co. issued its second profit warning for the year
ended March 31 as it continues to struggle with falling sales,
particularly in the U.S. and Europe.
Novartis Shares Gain on Guidance Hike
Shares in Novartis rose in early trading, on track to regain
lost ground after the Alcon spin-off earlier this month, after the
Swiss drug giant raised its 2019 core operating income growth
guidance on strong first-quarter sales.
SAP Upbeat on Outlook on Cloud Growth
Germany's SAP raised its growth outlook after it posted a rise
in first-quarter operating profit on a strong cloud
performance.
Sonder Poised to Become Airbnb's Billion-Dollar Competitor
The operator of a rentals marketplace for travelers is close to
completing an investment round that will value the company at about
$1 billion, according to people familiar with the matter.
ARA Asset Plans Singapore IPO of U.S. Hotel Assets
Warburg Pincus LLC-backed ARA Asset Management Ltd. will start
taking orders from investors Wednesday for an initial public
offering in Singapore of its U.S. hotel assets that could raise as
much as $450 million, a person with knowledge of the deal said.
CBS Suspends CEO Search, Extends Ianniello as Acting Chief Until Year-End
CBS said it suspended its search for a new chief executive,
extending the employment of acting CEO Joe Ianniello through the
end of the year.
Google Wins First FAA Approval for Regular Drone Delivery of Consumer Items
Wing Aviation, a unit of Alphabet's Google, received the first
U.S. authorization to operate a fleet of consumer delivery drones-a
move that could jump-start various companies' commercial drone
services nationwide.
EBay Lifts Guidance as Revenue, Number of Buyers Rise
EBay raised its revenue and profit outlook after posting
stronger-than-expected results in its first quarter, sending shares
up 5% in after-hours trading.
(END) Dow Jones Newswires
April 24, 2019 05:15 ET (09:15 GMT)
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