News Highlights: Top Company News of the Day
February 19 2020 - 3:30AM
Dow Jones News
Deutsche Telekom Profit Soars
Deutsche Telekom posted a 78% rise in net profit to EUR3.87
billion in 2019 as revenue climbed and forecast further growth in
the year ahead.
Huawei Suit Against U.S. Ban Is Dismissed
A federal judge ruled against the Chinese company in its
challenge of a U.S. law barring federal agencies from doing
business with the telecommunications-equipment maker.
Boeing Finds Debris in Undelivered MAX Jets
Inspection of fuel tanks of the grounded aircraft revealed the
problem, marking the latest setback in the plane maker's efforts to
address quality control problems.
Groupon to Exit Goods Market, Focus on 'Local Experiences'
The Chicago-based company said Tuesday that it would shift focus
from its current deal-centric approach.
Blue Apron Eyes Options Including a Sale
Blue Apron Holdings said it is exploring strategic options
including putting itself up for sale, after the meal-kit maker
reported more customer defections and another quarterly loss.
Pier 1 Imports Gets Approval for Bankruptcy Sale Process
Judge Kevin R. Huennekens of the U.S. Bankruptcy Court in
Richmond, Va., Tuesday approved the home furnishings chain's
bidding and sale procedures for its assets. The judge also signed
off on a request that allows Pier 1 to obtain $256 million in
bankruptcy financing from its term-loan lenders to enable the
retailer to keep operating pending a possible sale of the
business.
Nike's New CEO Shuffles Executive Ranks
CEO John Donahoe is shuffling the sportswear giant's leadership
ranks, a shakeup that will result in the departure of two longtime
executives.
Bed Bath & Beyond Boss Tries to Declutter Stores
New CEO Mark Tritton laid out his vision for remaking the
troubled retailer. Decluttering stores is high on his list.
Bombardier Shed Snowmobiles for Jets, Trains. Now, It's Giving Up Both.
Bombardier tried to take on much bigger players in the global
market for trains and commercial jetliners, and ended up shedding
both businesses.
Dutch Court Reinstates Order for Russia to Pay Yukos Shareholders
Court says Russia must pay $50 billion in compensation to
shareholders of former oil giant Yukos, which was once headed by
Mikhail Khodorkovsky, a vocal critic of President Vladimir
Putin.
(END) Dow Jones Newswires
February 19, 2020 03:15 ET (08:15 GMT)
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