News Highlights: Top Company News of the Day
January 28 2020 - 9:15AM
Dow Jones News
Lockheed Martin Boosts 2020 Guidance
Lockheed Martin forecast another year of record sales following
booming demand in the U.S. and overseas for its combat jets,
missiles and classified satellites.
United Technologies Reports Higher Profit, Sales
The industrial conglomerate posted higher-than-expected sales
and adjusted earnings in the latest quarter, but warned that halted
production of the Boeing Co. 737 MAX could hurt results in its
Collins Aerospace business.
BorgWarner to Buy Delphi Technologies in $3.3 Billion Deal
In a deal that will combine two major auto-parts makers,
BorgWarner is buying Delphi Technologies in an all-stock
transaction that values Delphi at about $3.3 billion.
McDonald's Looks to Step Up Chicken Offerings at Breakfast
McDonald's will pilot breakfast chicken sandwiches, a move that
comes as the fast-food chain faces intense competition at the start
of the day and looks to upgrade offerings for a key protein.
Pfizer Sales Fall on Loss of Drug Exclusivity
The drugmaker reported lower quarterly sales as it lost U.S.
market exclusivity for its blockbuster pain drug Lyrica in 2019
3M to Cut 1,500 Jobs, Posts Lower Profit
The manufacturing conglomerate, which reported a decline in
fourth-quarter profit, said it would eliminate 1,500 jobs as part
of a broad restructuring effort.
Harley-Davidson Reports Weaker Motorcycle Sales In U.S.
The motorcycle maker's retail-level sales fell in the fourth
quarter amid lower demand in the U.S., but earnings increased.
U.K. Allows Huawei to Build Parts of 5G Network
Huawei was given the green light to build part of Britain's
next-generation 5G cellular network, with the U.K. government
dismissing calls from the U.S. to boycott the Chinese
telecom-equipment vendor over security fears.
Airbus Reaches Deal to End Long-Running Global Corruption Probe
The European plane maker has reached a preliminary agreement
with fraud agencies in the U.S., U.K. and France over their probe
into bribery and corruption, lifting a reputational and legal cloud
that has hung over the company for years.
Xerox Reports Rise in Net Income, Lower Sales
The copier maker reported fourth-quarter earnings of $818
million, or $3.61 a share, compared with $137 million, or 56 cents
a share, a year ago. Xerox is pursuing HP with a $33 billion
unsolicited takeover offer.
(END) Dow Jones Newswires
January 28, 2020 09:00 ET (14:00 GMT)
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