J.C. Penney's Shares Climb After Third-Quarter Results

J.C. Penney boosted part of its financial outlook for this fiscal year and reported better-than-expected third-quarter results.

 
Roche Strikes $1.4 Billion Buyout Deal With Promedior

Roche agreed to pay $390 million up front and $1 billion more if development, regulatory and commercial goals are reached. The buyout culminates more than a dozen years of work for Lexington, Mass.-based Promedior, which formed in 2006 to develop fibrosis treatments.

 
Tariffs Aren't the Only Driver of Auto Stocks

Hopes that the trade war is easing have buoyed the European auto sector in recent weeks, but another profit warning from Daimler is a reality check.

 
Airlines Get a Break in New Accounting for Leases

Carriers are benefiting from a new rule that affects how they account for many of their airport leases, in part because it gives them extra room to rack up debt before risking a credit downgrade.

 
Under Armour Pushed to Hit Aggressive Targets

Former executives at Under Armour, the sportswear company whose accounting is under federal investigation, said they scrambled to meet sales goals, borrowing business from future quarters to mask slowing demand in 2016 for its athletic apparel.

 
Emirates' Many Headwinds Test Its Big Bet on Big Jets

Emirates Airline bet its future on giant planes and mega hubs, but the world's biggest international airline is now in the middle of the most significant rethink of that strategy in its history.

 
SEB Slides Ahead of TV Report on Money Laundering

Shares in Sweden's SEB plunged after the lender said it has been contacted by a Swedish TV show that claims it has information on the bank ahead of a program it will air on suspected money laundering in the Baltics.

 
LG Employs AI to Warn Customers of Appliance Problems

LG Electronics USA is rolling out an AI-powered system that keeps an eye on home appliances such as washing machines and refrigerators and alerts customers about potential breakdowns before they happen.

 
LLR Partners to Target $1.4 Billion for Its Sixth Fund

Private-equity firm LLR Partners is preparing to seek $1.4 billion for its sixth midmarket fund, according to people familiar with the matter.

 
SoftBank's $1 Billion Investment in Wirecard Came With a Twist-No SoftBank Cash

Shares of electronic payments company Wirecard jumped in April after news of an investment by SoftBank, but the commitment ended up coming from the personal accounts of a group of SoftBank employees and an outside investor.

(END) Dow Jones Newswires

November 15, 2019 09:15 ET (14:15 GMT)

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