News Highlights: Top Company News of the Day
August 21 2019 - 1:30PM
Dow Jones News
Car Makers Follow Divergent Paths on Fuel-Efficiency Regulations
Major car makers are caught in the crossfire between the Trump
administration and California over U.S. tailpipe-emissions rules,
leading them down different paths in how to respond to the
standoff.
Target Extends Growth Streak With Strong Sales and Profit
Target's sales and profit rose in the second quarter, extending
the retailer's growth streak as investments in its stores,
merchandise and digital capabilities continue to pay off.
Court Documents Tie Huawei to Iran, Syria, Sudan, Describe New Banking Links
New details about the U.S. sanctions-busting case against Huawei
Technologies emerged in court filings in Canada, including about
the Chinese telecom giant's alleged dealings in Iran, Syria and
Sudan.
Don't Bail on Brunswick
Brunswick is more seaworthy than it was in the past, and
investors might want to step on board.
Goldman Pursues Majority Stake in Chinese Venture
Goldman Sachs has applied with Chinese regulators to take a
majority stake in an investment-banking joint venture, the most
recent move by a foreign company to tap the nation's vast financial
sector.
Lowe's Reports Higher Profit, Beating Estimates
Lowe's reported higher earnings in its latest quarter that
topped expectations, in a sign the home-improvement retailer's
aggressive cost-cutting strategy could be paying off.
Royal Bank of Canada's Profit Increases
Royal Bank of Canada's profit increased in its fiscal third
quarter as net interest income rose by almost 10%, but the bank's
chief executive said the lender would conserve capital and avoid
acquisitions due to global economic uncertainty.
Judge Agrees to Delay Former Alstom Executive's Bribery Trial
A federal judge granted former Alstom executive Lawrence Hoskins
a brief reprieve from his upcoming trial, but rejected claims that
his constitutional rights had been violated.
Time to Buy Back Bayer
Now is probably a good time for investors to buy back into Bayer
after its ill-fated $63 billion acquisition of U.S. seed giant
Monsanto.
China Threatens Sanctions Over Planned U.S. Sale of Jets to Taiwan
China said it would sanction any U.S. firm involved in a planned
$8 billion sale of F-16V fighter jets to Taiwan, in retaliation
against what it describes as Washington's attempt to undermine
Chinese national security.
(END) Dow Jones Newswires
August 21, 2019 13:15 ET (17:15 GMT)
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