Allianz Posts Forecast-Beating Profit

Allianz posted an above-forecast rise in fourth-quarter net profit to EUR1.86 billion and guided for an operating profit in 2020 of around EUR12 billion.

 
Pearson Profit Halves

Pearson posted a 6% rise in adjusted operating profit to GBP581 million in 2019, but said its pretax profit more than halved on restructuring charges, weaker revenue and fewer gains on disposals.

 
Sprint, T-Mobile Revise Merger Terms

Sprint and T-Mobile have agreed on new terms for their merger, as the wireless carriers race to close the deal after overcoming a federal court challenge.

 
New Mexico Sues Google Over Children's Data Privacy

The state filed a lawsuit accusing the internet giant of knowingly spying on students and their families through its Google Education platform, allegations that the company denies.

 
Vale Swings to a Loss After Impairment Charges on Mines

Brazilian iron-ore miner Vale SA posted a net loss in the fourth quarter after taking impairment charges on a nickel mine in New Caledonia and a coal mine in Mozambique.

 
Nvidia's Feast or Famine

The chip maker's data-center business roars back-at least until the next 'digestion' phase.

 
Morgan Stanley to Buy E*Trade in Bid for Small Investors

The $13 billion takeover will combine a Wall Street firm in the late innings of a decadelong turnaround with a discount broker built on the backs of dot-com day traders. It is the biggest takeover by a giant U.S. bank since the 2008 financial crisis.

 
Two Big Workplace-Software Providers to Merge

Workplace-software providers Ultimate Software and Kronos plan to merge in an all-stock deal that would create a company worth roughly $22 billion including debt.

 
ADP to Buy Stake in India's GMR

Aeroports de Paris has reached an agreement to buy a stake of up to 49% in Indian airport group GMR for EUR1.36 billion.

 
Axis Bank Plans Strategic Partnership With Max Life

Axis Bank Ltd. has agreed to a strategic partnership with Max Life Insurance Company which may see the bank raise its stake in the insurer.

(END) Dow Jones Newswires

February 21, 2020 03:15 ET (08:15 GMT)

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