News Highlights: Top Company News of the Day
January 24 2020 - 1:30PM
Dow Jones News
Intel Cushions Its Capital Pain
Production arms race with TSMC grows more expensive, even as
data-center sales soar.
American Express Expects Earnings to Rise in 2020
Fourth-quarter profit beat Wall Street's expectations and the
credit-card company gave an optimistic earnings outlook for 2020.
Shares rose.
5G's Growing Costs Sting Swedish Telecom Giant Ericsson
Ericsson returned to profit in the fourth quarter but concerns
about higher costs associated with new fifth-generation mobile
networks and a slowdown in North America sent its shares down more
than 7%.
Rémy Cointreau Offers Investors a Dry Few Months
Rémy Cointreau has blamed a dismal end to 2019 on a series of
one-offs, and it won't be clear whether the problems go deeper
until the new boss lays out his strategy in June.
Deutsche Bank Appoints Former German Foreign Minister to Board
Deutsche Bank said that it has picked Sigmar Gabriel, a former
minister in German Chancellor Angela Merkel's government, to join
its board, after the appointment of another nominee fell
through.
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.
Pentagon Blocks Clampdown on Huawei Sales
The Commerce Department has withdrawn proposed regulations
making it harder for U.S. companies to sell to Huawei from their
overseas facilities following objections from the Pentagon and the
Treasury Department.
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.
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.
(END) Dow Jones Newswires
January 24, 2020 13:15 ET (18:15 GMT)
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