News Highlights: Top Company News of the Day
August 19 2019 - 3:15PM
Dow Jones News
Beauty Stocks Look Pretty After Upbeat Estée Lauder Earnings
Investors are still betting on cosmetic companies despite the
retail sector's tariff woes.
PG&E Plunges After Judge Allows Trial on Whether It Caused Wildfire
The bankrupt utility faces billions in additional liabilities if
a jury finds its equipment sparked the 2017 Tubbs fire.
GE Issues New Rebuttal to Whistleblower's Claims About Finances
General Electric pushed back further on Monday against claims by
Harry Markopolos that the company hasn't been forthright about its
finances.
Tailored Brands Closes Sale of Corporate-Apparel Segment
Tailored Brands said that it closed the sale of its
corporate-apparel segment for $62 million and raised its second
quarter adjusted earnings guidance.
Newmont Goldcorp Is About to Pan Out
The world's biggest gold miner is somehow lagging as gold
rallies.
An Economic Warning Sign: RV Sales Are Slipping
Multiyear drops in recreational-vehicle shipments to
dealers-many from the Elkhart, Ind., region-have preceded the last
three downturns. Shipments have fallen about 20% so far this year,
after a 4.1% drop last year.
Airbus Harnessing AI in Bid to Save Millions on Finance Tasks
Airbus is using artificial intelligence to squeeze cost out of
its finance function, an experiment launched in the aircraft
maker's Americas division that could save the corporation millions
of dollars annually if rolled out in other regions.
Norsk Hydro Tests AI in Cyber Defenses After Attack
The Norwegian aluminum company's investigation of a ransomware
attack it suffered in March has revealed new vulnerabilities,
leading it to test using artificial intelligence to secure its
industrial equipment.
Australian Steelmaker BlueScope Plans U.S. Expansion
BlueScope Steel said it will be able to produce 850,000 more
metric tons of steel each year at its North Star business in Delta,
Ohio, once the expansion is completed.
Novartis CEO Battles Fallout From Data Manipulation
Novartis Chief Executive Vas Narasimhan has spent part of his 18
months at the helm of the drug giant cleaning up issues that
emerged before his watch. Now, he is facing a storm of his own
making.
(END) Dow Jones Newswires
August 19, 2019 15:00 ET (19:00 GMT)
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