News Highlights: Top Company News of the Day
June 20 2019 - 9:30AM
Dow Jones News
Apple Examines Feasibility of Shifting Some Production Out of China
Apple is asking suppliers to study shifting final assembly of
some products out of China as trade tensions prompt the company to
diversify its supply chain.
Kroger Sales Slip Again as Grocer Looks for Traction
Sales at Kroger slipped in the company's latest quarter, as the
supermarket chain races to transform its business amid heightened
competition.
Fiat Chrysler's Elkann Keeps Family Support in Wake of Busted Merger Talks
After a deal with Renault fell through earlier this month, Fiat
Chrysler Automobiles Chairman John Elkann maintains family support
while trying to diversify the company's wealth.
UBS 'Chinese Pig' Apology Doesn't Fly
A week after a UBS economist's offhand comment about pigs in
China morphed into an online scandal, the bank is still feeling the
pain in one of its most important markets.
The Valuation Conundrum in the United Tech-Raytheon Merger
Who is getting the raw end of the merger deal between United
Technologies and Raytheon? The answer isn't as clear-cut as some
investors have argued.
Airbus, Engine Suppliers at Odds Over Plane Production
Airbus and suppliers of engines for its A320neo single-aisle
family of planes are at odds over future production needs.
Darden Restaurants Reports 4Q Higher Sales
Darden Restaurants said sales increased in the latest quarter as
the casual-dining chain company added new restaurants and
same-restaurant sales increased.
Carnival Profit Drops on Higher Costs, Expenses
Carnival said profit fell roughly 20% in the second quarter due
to higher operating costs and expenses and lowered its full-year
earnings outlook.
Boeing in Talks With Airlines for More 737 MAX Orders
Boeing is in talks with other airlines for 737 MAX deals after
British Airways parent IAG this week committed to take 200 of the
beleaguered jet.
China's Dalian Wanda Plans Singapore REIT Listing
Chinese conglomerate Dalian Wanda is planning to list a
real-estate business in Singapore, in a deal that could value that
collection of properties at more than $1 billion.
(END) Dow Jones Newswires
June 20, 2019 09:15 ET (13:15 GMT)
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