News Highlights: Top Company News of the Day
January 29 2020 - 11:30AM
Dow Jones News
Boeing Posts Full-Year Loss Amid 737 MAX Setbacks
Costs from the 737 MAX crisis sent the aerospace giant to its
worst financial performance in two decades, although shares rose in
early trading.
British Airways Suspends China Flights
British Airways became the first global airline to cancel
service with mainland China as the number of people there infected
by the new coronavirus surpassed that of SARS nearly two decades
ago. American Airlines also said it will suspend Shanghai and
Beijing flights from Los Angeles.
Goldman Sachs Talks to Its Critics in Effort to Make Friends
Goldman Sachs Group set higher financial targets in an effort to
turn a skeptical shareholder base into believers in Chief Executive
David Solomon's turnaround plan.
Renault's New Boss Faces Uphill Drive
Renault's boss has one big advantage in his tough new job: After
a profit warning and the media spectacle of Carlos Ghosn's
detention and flight, investors have low expectations. They still
might not be low enough.
Mastercard's Profit More Than Doubles
Earnings jumped from a year ago when the credit-card company
logged more than $750 million in litigation charges.
GE Finds Its Footing and Posts Strong Cash Flow
General Electric reported strong cash flow from its industrial
operations in the fourth quarter and gave an upbeat outlook for
2020, as the conglomerate reverses losses in its power business and
its aviation division continues to support the rest of the
company.
MoviePass Parent Files for Bankruptcy
Helios & Matheson Analytics Inc., as well as its MoviePass
business and another subsidiary, filed chapter 7 petitions in the
U.S. Bankruptcy Court for the Southern District of New York,
according to a securities filing from the company.
AT&T's Results Dragged Down by TV Business
The company's pay-television business continued to hemorrhage
customers in the latest quarter, adding to pressure as the company
readies its own entrant into the increasingly crowded video
streaming market.
McDonald's Gains Sales Globally, but U.S. Guest Counts Fall
Global same-store sales last year were the highest in more than
a decade, but guest counts to restaurants in the U.S., McDonald's
biggest market, fell from a year earlier.
Stanley Black & Decker to Buy Boeing Supplier; Deal Has a MAX Contingency
Consolidated Aerospace agreed to be acquired by Stanley Black
& Decker for as much as $1.5 billion, but part of the purchase
price will be held back pending a regulatory green light for the
Boeing 737 MAX to return to service.
(END) Dow Jones Newswires
January 29, 2020 11:15 ET (16:15 GMT)
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