News Highlights: Top Company News of the Day
January 22 2020 - 09:15AM
Dow Jones News
Johnson & Johnson's Profit, Sales Rise
The health-products company reported net income of $4.01 billion
for the latest quarter, roughly in line with estimates, with sales
in its pharmaceuticals division rising 3.5%.
New Diesel Charge Hits Daimler Profit
Mercedes-Benz owner Daimler reported a near 50% drop in earnings
last year and warned that it would take up to $1.7 billion in
additional charges, further impairing profits, in the wake of
investigations into allegations that it cheated on diesel
emissions.
CBS Bets Big on 'Star Trek: Picard' to Boost Streaming
As the overseer of the "Star Trek" properties, Alex Kurtzman is
charged with updating the space drama for a new generation without
alienating its hard-core fans. But there's much more at stake as
ViacomCBS counts on the franchise to bolster its streaming
service.
GM's Cruise Reveals New Robot Taxi: Toaster-Shaped, No Steering Wheel
General Motors' autonomous car unit, Cruise, revealed a
toaster-shaped robot taxi that it says will be cheaper than taking
a human-driven ride-hailing service or driving a car.
ASML Plans Buyback as Profits Jump
ASML launched a share-buyback program of up to EUR6 billion as
it reported a jump in fourth-quarter net profit to EUR1.13 billion,
and forecast further strong growth in 2020.
Hyundai Motor Swung to Profit in 4th Quarter
Hyundai Motor Co. returned to profit in the fourth quarter
thanks to robust growth in sales of its more profitable
sport-utility vehicles.
Money Managers Venture Into Risky World of Trade Finance
Money managers including Allianz and American International
Group have found a window of opportunity to enter a business that
has long been the domain of banks.
Investment in U.K. Biotech Tumbles
New data made public by an industry body showed that investment
in the U.K.'s life-science sector fell 39% in 2019, although the
trend was replicated across markets, with the U.S. and Europe also
showing flat or reduced investment.
AstraZeneca Pledges $1 Billion to Cut Emissions
AstraZeneca said that it will invest up to $1 billion to reach
net zero carbon-dioxide emissions from its global operations by
2025 and achieve carbon negativity across all activities by
2030.
Xerox to Nominate as Many as 11 Directors to HP Board
Xerox is preparing to nominate as many as 11 directors to HP's
board in an aggressive move to push a $33 billion unsolicited
takeover bid for the maker of computers and printers.
(END) Dow Jones Newswires
January 22, 2020 09:00 ET (14:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.