News Highlights: Top Company News of the Day
January 24 2020 - 3:30AM
Dow Jones News
Ericsson Ups Dividend as 5G Momentum Continues
Ericsson raised its annual dividend and reported a quarterly net
profit of $465 million, as operators in Asia and the Middle East
continued to spend on their 5G networks, offsetting a slowdown in
the U.S. market.
Remy Cointreau To Issue New Guidance as Sales Slump
Remy Cointreau posted third-quarter sales of EUR290.2 million,
sharply missing expectations, and suspended its guidance, saying it
would issue a new strategic roadmap later this year.
Axel Springer Plans Frankfurt Delisting
Axel Springer is going private in a deal led by KKR, which owns
around 45% of the German media giant.
Givaudan Confirms Guidance as Profits Rise
Givaudan said it was on track to deliver its 2020 guidance after
the flavor and fragrance maker posted an annual profit of CHF702
million.
Timberland Struggles to Sell Its Classic Boot
Sales of the iconic boot brand fell 4% in the holiday quarter,
and executives said it will take more time to turn around its
performance. Shares of owner VF tumbled.
Broadcom Lands Deals to Place Components in Apple Smartphones
Broadcom Inc. said it reached multiyear supply agreements with
Apple Inc. to provide wireless components for Apple products into
2023, deals that could generate billions of dollars worth of
business.
JPMorgan CEO Jamie Dimon's Compensation Rises to $31.5 Million
JPMorgan Chase paid its chief executive, James Dimon, $31.5
million for his work in 2019, a 1.6% boost, as the bank set fresh
records in profit and stock price.
Indonesia's Lion Air to Start Testing Investor Appetite for IPO
Indonesia's Lion Air will begin testing investor appetite ahead
of a possible initial public offering, people familiar with the
process said Friday.
Alta Mesa Sale Is Approved Despite Bondholder Objections
The judge overseeing Alta Mesa Resources' bankruptcy approved a
$320 million sale of the oil-and-gas company, quashing objections
by junior creditors that pushed a rival restructuring proposal.
Greeting Cards Retailer Papyrus Files for Bankruptcy, Plans to Close Stores
Greeting cards and stationery retailer Papyrus filed for
bankruptcy with a plan to close all its stores in the U.S. and
Canada after it was unable to find a buyer to keep its stores and
sister outlets, American Greetings, Carlton Cards and Paper
Destiny, in business.
(END) Dow Jones Newswires
January 24, 2020 03:15 ET (08:15 GMT)
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