News Highlights: Top Company News of the Day
February 21 2020 - 7:30AM
Dow Jones News
Google Resists Demands From States in Ad Probe
The search-engine company is reluctant to surrender some
documents sought by investigators looking into possible
anticompetitive practices.
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.
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.
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.
(END) Dow Jones Newswires
February 21, 2020 07:15 ET (12:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.