News Highlights: Top Company News of the Day
February 19 2020 - 9:15AM
Dow Jones News
GE, Stung by Boeing Pullback, Pitches for New Business With Airbus
General Electric is looking for new business from Airbus, as the
engine maker's other big customer, Boeing, retrenches.
Dish Network's Customer Base Slips Under 12 Million
The satellite company lost nearly 200,000 television customers
in the fourth quarter as it laid plans to invest in a
still-unfinished wireless phone network.
Adidas, Puma Warn of Coronavirus Blow
Puma and Adidas warned of a hit from the coronavirus on sales,
sharpening concerns about how the outbreak is affecting the
athletics gear industry that has long looked to China as both a
market and a production base.
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 alleged use of data to
drive out smaller rivals.
Companies Give Workers Time to Vote
Hundreds of U.S. firms plan to allow employees time to vote in
this year's presidential election as part of a business-led push to
lift turnout.
Bausch Health Reports Loss, Sets Aside Money for Legal Costs
Bausch Health reported a loss as it set aside legal costs in the
fourth quarter and said it expects revenue to increase in 2020.
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.
Analog Devices Lowers Revenue Forecast Due to Coronavirus
Analog Devices lowered its revenue outlook for its second
quarter by $70 million due to the coronavirus outbreak but raised
its dividend by 15% for the fiscal first quarter.
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.
(END) Dow Jones Newswires
February 19, 2020 09:00 ET (14:00 GMT)
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