News Highlights: Top Company News of the Day
February 19 2020 - 7:15AM
Dow Jones News
Big Tech to Face More Restrictions in Europe on Data, AI
American tech giants will face new restrictions in the European
Union on artificial intelligence and on the use of data to drive
out smaller rivals.
Everything's 25% Off at the World's Most Debt-Squeezed Company
China Evergrande Group has slashed prices of properties sold
this month and next, but its share price has actually risen.
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.
Puma Confident Despite Coronavirus Warning
Puma beat its 2019 earnings guidance as profit and sales rose
sharply and said it will meet its full-year goals, despite the
likelihood of a first-quarter hit due to the coronavirus.
Grocers Wrest Control of Shelf Space From Struggling Food Giants
Retailers are relying on their own proprietary research to
decide where to shelve products, dealing another blow to large U.S.
food companies that are already dealing with increased competition
and shifting consumer tastes.
Amazon Will Be a Pale Imitator of Alibaba's Luxury Look
Amazon's founder Jeff Bezos may be the world's wealthiest man,
but luxury brands are still reluctant to do business with him.
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.
Why One of the World's Largest Tobacco Companies Is Struggling
Pyxus International, one of the world's largest suppliers of
tobacco, is facing mounting financial pressure from a decline in
its core business and setbacks in its efforts to diversify into
cannabis and vaping fluids.
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.
(END) Dow Jones Newswires
February 19, 2020 07:00 ET (12:00 GMT)
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