News Highlights: Top Company News of the Day
January 28 2020 - 1:30PM
Dow Jones News
LVMH Ends Year With Higher Revenue, Earnings
LVMH Moet Hennessy Louis Vuitton said its fourth-quarter revenue
rose strongly, powered by the fashion and leather goods
division.
Virus Outbreak Disrupts Global Car Makers in China
The coronavirus outbreak in Wuhan, which has all but sealed off
China's Hubei province, could have an outsize impact on the global
auto industry, which has established a large footprint in the
central China region.
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.
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.
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.
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
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.
(END) Dow Jones Newswires
January 28, 2020 13:15 ET (18:15 GMT)
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