News Highlights: Top Company News of the Day
February 19 2020 - 11:30AM
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.
More Investment Funds Reduce Ties With Sacklers
Two hedge funds are reducing their ties to the embattled family
that owns OxyContin maker Purdue Pharma.
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.
Mexican President Resists Pressure to Restart Oil Auctions
President Andrés Manuel López Obrador is resisting pressure to
restart auctions for oil drilling rights and allow private firms to
have a greater role in the oil industry, even as his government
grapples with a stagnant economy and weak investment.
Big Tech to Face More Requirements in Europe on Data Sharing, AI
American tech companies will soon need to meet new requirements
in the European Union regarding artificial intelligence and sharing
data with smaller rivals, as the bloc seeks to assert its
"technological sovereignty" from the U.S. and China.
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.
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.
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.
(END) Dow Jones Newswires
February 19, 2020 11:15 ET (16:15 GMT)
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