News Highlights: Top Company News of the Day
December 11 2019 - 3:30AM
Dow Jones News
Aramco Shares Rise 10% After World's Biggest IPO
Saudi Aramco shares rose 10% in Riyadh after the world's largest
initial public offering. The trading debut caps a four-year drive
by Crown Prince Mohammed bin Salman to deliver the listing of the
state-backed company.
Credit Suisse Cuts Profit Targets
Credit Suisse warned that its return on tangible equity, a key
measure of profitability, would be less than previously forecast
for 2019 and 2020, as the bank faces challenging market
conditions.
Inditex Backs Guidance as Profits Rise
Inditex reported a rise in net profit to EUR2.7 billion for the
first nine months of the fiscal year, and backed its full-year
forecast for sales growth.
ThaiBev Seeks to Raise Up to $1.47 Billion in Singapore IPO of Beer Business
Thai Beverage PCL, owned by one of Thailand's richest men is
seeking to raise up to $1.47 billion through an initial public
offering of its beer business in Singapore, people with knowledge
of the process said.
HSBC Swiss Unit to Pay $192 Million to Settle U.S. Tax Case
A Switzerland-based HSBC unit admitted to helping Americans
evade taxes over a decade and agreed to pay $192 million to settle
criminal charges.
Carlyle Group Widens Fertility Benefits for Employees
Carlyle Group is broadening coverage of fertility services and
infertility treatments for employees, including for singles or
same-sex partners, according to an internal employee memo.
Chevron, Facing Fossil Fuels Glut, Takes $10 Billion Charge
The move is a concession that in an age of oil and gas
overabundance, some energy assets will not be profitable anytime
soon.
Amazon Sees Need for Boosting Technical Skills of Its Workforce
When Amazon's top human-resources executive considers the skills
the retail giant might need in its workforce going forward, she has
a quick answer.
AutoZone Races Toward Record, Fueled by Strong Earnings
Shares of AutoZone surged Tuesday toward an all-time high after
the distributor of automotive replacement parts and accessories
reported higher-than-expected sales and profits.
PG&E Judge Floats Offer to Postpone Ruling on Insurance Deal
The judge overseeing PG&E Corp.'s bankruptcy has offered to
postpone a ruling on an $11 billion settlement with insurance
companies and big investors, as the company tries to win support
from California Gov. Gavin Newsom on its strategy to get out of
chapter 11.
(END) Dow Jones Newswires
December 11, 2019 03:15 ET (08:15 GMT)
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