News Highlights: Top Company News of the Day
January 21 2020 - 7:15PM
Dow Jones News
IBM Calls for 'Precision' Approach to Regulating AI
The company is calling for governments to take a "precision"
approach to regulating artificial intelligence, working with
businesses to come up with rules that avoid hampering
innovation.
Intel Names New Chairman
Intel has named Omar Ishrak as its new independent chairman
effective immediately, replacing Andy Bryant who stepped down from
his role at a board meeting earlier this month.
Netflix Falls Short of Its Domestic Subscriber Forecast
The streaming giant missed its forecast for U.S. subscriber
growth for the third straight quarter, but it added 8.3 million
subscribers overseas to blow through its expectations for
international expansion.
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 in the latest quarter on
stronger revenue and lower fuel costs, despite challenges from the
grounding of Boeing's 737 MAX.
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.
U.S. Bankruptcy Watchdog Can't Dislodge Highland Directors, Judge Rules
The judge overseeing Highland Capital Management LP's chapter 11
case rejected a government bankruptcy watchdog's bid for a chapter
11 trustee, satisfied that a recent governance reform would protect
the interests of creditors.
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.
(END) Dow Jones Newswires
January 21, 2020 19:00 ET (00:00 GMT)
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