News Highlights: Top Company News of the Day
January 27 2020 - 11:30AM
Dow Jones News
Sprint Continues to Lose Customers as It Waits for T-Mobile Verdict
Sprint lost 115,000 postpaid phone connections in the final
three months of 2019, as the company pulled back on promotions and
the company's merger with larger rival T-Mobile remained
unresolved.
GM Picks Detroit Factory to Build Driverless Shuttle, Electric Trucks
General Motors said it will build a new autonomous vehicle at a
plant in Detroit, solidifying its hometown as a hub of future
technology as it bets big on driverless and electric vehicles.
Credit Suisse Chief Tidjane Thiam Rebuts Claim He Ordered Damaging Information
Credit Suisse Chief Executive Tidjane Thiam used his new
Instagram account to deny he sought out negative information about
an employee at the bank.
Renault Looks to Ex-VW Executive for Turnaround After Ghosn Crisis
Renault is planning to name former Volkswagen executive Luca de
Meo as its chief executive this week, as it seeks to move past the
scandal surrounding former leader Carlos Ghosn.
Energy Company Southland Royalty Nears Bankruptcy Filing
Southland Royalty Co., an oil-and-gas company that has received
more than $1 billion in capital commitments from private-equity
firm EnCap Investments, is preparing to file for bankruptcy
protection, said people familiar with the matter.
India Seeks Bidders for 100% Stake in Flag Carrier
The Modi government has agreed to sell its entire stake in Air
India, making it more attractive to potential buyers in a bid to
raise money to bolster the economy and end its exposure to the
money-losing airline.
U.S. Gold Giant Bets on Dividends, Improved Mines to Hold Off Rival
Newmont, America's largest miner, is counting on dividends and
mines it bought last year, as rival Barrick nips at its heels.
Kroger-Backed Lucky's Market Files for Bankruptcy
Lucky's Market., a specialty grocery chain that is majority
owned by Kroger Co., filed for chapter 11 bankruptcy Monday
Bayer Looks to Emerging Technique to Overcome AI Data Challenges
The company plans to use "federated learning" to access data it
doesn't own to identify promising drug compounds and help spot a
rare gene mutation.
Tech Giants to Governments: Please Regulate Us
Sensing new regulation is coming, Alphabet, Microsoft, Facebook,
Apple and others are moving to shape policy discussions, calling
for new laws on a range of issues-even as some have already
resisted certain measures.
(END) Dow Jones Newswires
January 27, 2020 11:15 ET (16:15 GMT)
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