News Highlights: Top Company News of the Day
January 29 2020 - 1:15PM
Dow Jones News
Global Corporate Giants Limit China Travel in Response to Coronavirus
Multinational companies such as JPMorgan Chase, Apple and Kraft
Heinz are suspending business trips to China amid concerns about an
outbreak of the fast-spreading coronavirus.
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 its shares
rose in Wednesday trading.
British Airways Halts 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 Forecasts Slower Revenue, Expense Growth in 2020
In the fourth quarter, profit more than doubled 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 Global Sales Rise, but U.S. Guest Count Falls
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.
(END) Dow Jones Newswires
January 29, 2020 13:00 ET (18:00 GMT)
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