News Highlights: Top Company News of the Day
January 28 2020 - 11:15AM
Dow Jones News
Nike Site Sells Out of Kobe Bryant Merchandise in Wake of Star's Death
Nike's website sold out of Kobe Bryant merchandise in the wake
of the basketball superstar's sudden death, the sportswear giant
said, rebutting media reports it had pulled the products.
TPG in Talks to Reduce Stake in $32 Billion Credit-Investing Arm
TPG Sixth Street Partners, which was founded in the depths of
the financial crisis by a group of former Goldman Sachs investors,
is in talks to buy back a sizable portion of TPG's minority
stake.
Lockheed Martin Boosts 2020 Guidance
The defense contractor forecast another year of record sales
following booming demand in the U.S. and overseas for its combat
jets, missiles and classified satellites.
United Tech's Profit Rises as Break-Up Looms
The conglomerate posted higher fourth-quarter profit and sales
while warning that Boeing's problems with its 737 MAX airliner will
hurt results in its Collins Aerospace business.
BorgWarner to Buy Delphi Technologies in $3.3 Billion Deal
BorgWarner agreed to buy Delphi Technologies in an all-stock
transaction that values Delphi at about $3.3 billion and would
combine two major auto-parts makers.
Coronavirus Fears Push Cruise Lines to Suspend China Voyages
Cruise operators are canceling voyages to and from China as the
coronavirus outbreak spreads and governments around the world urge
the public not to travel to infected areas.
McDonald's Looks to Step Up Chicken Offerings at Breakfast
As the fast-food chain faces intense competition at the start of
the day, it is adding chicken with griddle cakes and chicken on
biscuits to the breakfast menu for a limited time.
U.K. Allows Huawei to Build Parts of 5G Network, Countering White House Efforts
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.
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 Cuts More Jobs as U.S. Demand Falls
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.
(END) Dow Jones Newswires
January 28, 2020 11:00 ET (16:00 GMT)
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