Apple Posts Record Revenue on Strong iPhone, App Sales

Apple posted record revenue and a return to profit growth in its latest quarter behind strong sales of iPhones, apps and its AirPod wireless earbuds.

 
Starbucks Closed Half of China Stores Amid Coronavirus Outbreak

The coffee chain said customers in the U.S. helped to drive up sales in its latest quarter, but it has closed more than half of its stores in China because of the coronavirus outbreak.

 
Match Group CEO Mandy Ginsberg Steps Down

Match Group CEO Mandy Ginsberg is stepping down following challenges in her personal life, an internal memo said, marking a leadership change ahead of a planned spinoff of the dating-app company.

 
J.Crew Hires Former Victoria's Secret Executive as CEO

J.Crew has hired former Victoria's Secret executive Jan Singer as its next chief executive, in an effort to revitalize its namesake brand and reverse a long sales slump.

 
Airbus Faces Nearly $4 Billion Penalty in Corruption Probes

The European plane maker has set aside EUR3.6 billion to settle investigations by U.S., U.K. and French authorities into contract dealings involving middlemen.

 
Renault Appoints Luca De Meo as New CEO

French car maker Renault named Luca de Meo as chief executive effective July 1. It also named Clotilde Delbos, who has been serving as CEO on an interim basis, as deputy chief executive.

 
LVMH Sales Powered by Fashion, Leather Goods

French luxury-goods conglomerate's revenue rose 15%, driven by strong growth at Louis Vuitton and Christian Dior.

 
TPG in Talks to Split With Its $33 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.

 
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.

 
3M to Cut More Jobs Amid U.S. Manufacturing Slump

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 17:15 ET (22:15 GMT)

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