News Highlights: Top Company News of the Day
January 24 2020 - 7:15AM
Dow Jones News
U.S. Moves to Curb E-Commerce Counterfeiting
The Trump administration is warning online sellers and warehouse
operators they will face greater scrutiny and penalties if they
don't help stem the rising tide of fakes sold on the internet.
Consumer Giants Are Struggling to Slim Down
The fastest way for consumer-product manufacturers to improve
sales growth-their No. 1 priority-is to unload unfashionable brands
that are dragging down their performance. So it is a puzzle why
they are selling so little.
Bayer Gains on Roundup-Settlement Report
Bayer shares were trading around 3% higher, buoyed by a report
that the German conglomerate could settle its weed killer legal
cases for around $10 billion.
Uber Braces for Clash With EU Cities on Scooter Data
Uber said several European cities have told the company they
want it to share data about usage of its electric scooters and
bicycles, setting up potential privacy disputes similar to the one
between Uber and Los Angeles.
No, Tesla Isn't Bigger Than Volkswagen
But its stock price reflects that unlike the industry leader or
GM, Elon Musk's car maker has little to lose in the journey to a
greener future.
New Warehouse Supply Projected to Exceed Demand Over Next Two Years
Developers are expected to deliver about 301 million square feet
of new warehouse space in the U.S., Canada and Mexico this year,
while tenants will lease about 242 million square feet, according
to a new report from Cushman & Wakefield PLC.
Ericsson Slumps Amid Higher Costs
UPDATED: Ericsson shares fell as much as 8.2% in early trade
after the company's fourth-quarter earnings were weighed by higher
costs.
Remy Cointreau Shares Plunge As It Suspends Guidance
UPDATED: Remy Cointreau shares fell nearly 9% after the
premium-spirits maker reported a worse-than-expected sales decline
for the third quarter, and said it was suspending its guidance
until it reveals 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.
Carrefour Shares Rise on Sales, Earnings Outlook
Shares in Carrefour rose after the company booked higher sales
during the fourth quarter, supporting expectations of earnings
growth for the full year.
(END) Dow Jones Newswires
January 24, 2020 07:00 ET (12:00 GMT)
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