News Highlights: Top Company News of the Day
January 21 2020 - 5:30PM
Dow Jones News
Netflix Falls Short of Its Domestic Subscriber Forecast
The streaming giant missed its forecast for subscriber growth in
the U.S., a performance that comes as the company faces heightened
competition from a gaggle of rivals.
Boeing Pushes Back Expected MAX Return
Boeing pushed back its timetable for regulators to clear the
return of the troubled 737 MAX for commercial service, saying it
doesn't expect approval until at least the middle of the year.
IBM Earnings Hint at Signs of Turnaround
IBM reported a slight increase in quarterly revenue, ending a
streak of falling sales and providing a first indication CEO Ginni
Rometty's roughly $33 billion acquisition of open-source software
giant Red Hat may help turn around Big Blue's fortunes.
United Airlines Reports Stronger Profit, Revenue
United Airlines reported higher profit that surpassed
expectations and stronger revenue in the latest quarter.
Luminus Close to Acquiring Celadon's Taylor Express Business
Bankrupt truckload carrier Celadon Group is close to finishing a
$14.5 million sale of its Taylor Express business to investment
firm Luminus Management after the company called-off a potential
chapter 11 auction.
Mitsubishi Offices in Germany Raided in Diesel-Emissions Fraud Probe
German authorities raided several facilities connected to the
German subsidiary of Mitsubishi as part of a probe into allegations
that the Japanese auto maker installed illegal emissions-management
software on some diesel-powered vehicles sold in Germany.
Vale Ex-CEO, Others Charged With Homicide for Brazil Dam Collapse
Brazilian state prosecutors charged Vale's former CEO Fabio
Schvartsman and 10 others from the mining company with homicide in
an effort to hold it to account for last year's dam collapse that
killed 270 people.
Starbucks Pledges to Slash Water Use and Waste
The company aims to serve more coffee in reusable cups, curb
food and packaging waste, and build stores that make more efficient
use of energy and water.
Engineering Firm McDermott to File for Bankruptcy
McDermott International said that it will file for chapter 11
protection Tuesday, after succumbing to depressed conditions in the
offshore drilling industry and setbacks in major energy
projects.
BP Names New Finance Chief Ahead of CEO's Retirement
Brian Gilvary will retire at the end of June and be succeeded by
Murray Auchincloss, expanding changes to the company's leadership
ahead of Chief Executive Bob Dudley's planned retirement.
(END) Dow Jones Newswires
January 21, 2020 17:15 ET (22:15 GMT)
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