News Highlights: Top Company News of the Day
July 23 2019 - 5:30AM
Dow Jones News
Apple in Advanced Talks to Buy Intel's Smartphone-Modem Chip Business
Apple is in advanced talks to buy Intel's smartphone-modem chip
business, a move that would jump-start the iPhone maker's push to
take control of developing the critical components powering its
devices.
Santander Profit Hit by Restructuring Costs
Santander's second-quarter net profit fell 18% to EUR1.39
billion, hit by hefty restructuring costs.
China's BAIC Buys Daimler Stake
Daimler said that China's state-owned auto maker Beijing
Automotive Group has taken a roughly 5% stake in the company.
Continental Warns on Earnings as Global Car Production Slumps
Continental cut its earnings and sales guidance, making it the
latest in a slew of auto makers and suppliers to issue profit
warnings as they struggle with slowing demand in China and
Europe.
Sanofi Signs Tamiflu Deal with Roche
Sanofi has struck a deal with Roche to acquire exclusive U.S.
over-the-counter rights for Tamiflu.
BC Partners Nears Deal to Buy Security-Services Company Garda World
Private-equity firm BC Partners is nearing a deal to buy a
majority stake in Garda World Security, the largest privately owned
security-services company in the world.
Trump Touts Tech Industry Support for Huawei Exemptions
President Trump agreed to grant timely licensing decisions to
U.S. technology companies that want to continue lucrative sales to
Huawei Technologies, as the administration seeks to restart trade
talks with China.
AutoNation Abruptly Names New CEO
The car-dealership chain promoted finance chief Cheryl Miller,
succeeding company outsider Carl Liebert, who became CEO in
March.
TD Ameritrade Begins Search for New CEO
Discount brokerage TD Ameritrade Holding said Chief Executive
Tim Hockey will leave the company in February.
Whirlpool Raises Profit Forecast While Controlling Costs
Whirlpool raised its profit outlook for the year, saying it was
better controlling costs and continuing to benefit from the higher
prices it is charging for appliances.
(END) Dow Jones Newswires
July 23, 2019 05:15 ET (09:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.