News Highlights: Top Company News of the Day
February 24 2020 - 9:30AM
Dow Jones News
HSBC Keeps Net Open for New CEO
HSBC said it would continue looking for a new chief executive
while it considers permanently appointing interim CEO Noel Quinn,
after UniCredit boss Jean Pierre Mustier withdrew from talks about
the job.
Boeing Offers More Support for 737 MAX Suppliers
Boeing is planning more financial and other support to its 737
MAX suppliers to prepare them to resume production of the
jetliner-and dissuade some from seeking more business from
Airbus.
European Airline Stocks Tumble as Coronavirus Spreads in Italy
Shares of European airlines plunged led by EasyJet and Ryanair,
on speculation that authorities may crack down on flights and
travel in the region after the biggest outbreak of coronavirus
outside Asia emerged in Italy.
Teck Pulls Oil Project, Blames Canada's Climate-Policy Uncertainty
A Canadian mining company shelved a proposed multibillion-dollar
energy project that the federal cabinet was days away from issuing
a verdict on, citing political uncertainty about oil-and-gas
development in the resource-rich country.
PepsiCo to Buy Chinese Online Snack Company for $705 Million
PepsiCo has agreed to buy Be & Cheery, an online snack
company in China from Haoxiangni Health Food, for $705 million.
Tobacco Bosses Mix and Match Their Nicotine Hit
The number of cigarettes sold globally is in decline, but many
consumers are just getting their nicotine fix elsewhere.
Move Over, Elliott. Argentina's New Bond-Market Nemesis Is Fidelity.
Argentina's new adversary in the bond market is no highflying
hedge fund. It's Fidelity Investments.
Intuit Near Deal to Buy Credit Karma for $7 Billion
Intuit is near a deal to buy personal-finance portal Credit
Karma for about $7 billion in cash and stock, pushing the company
behind QuickBooks and TurboTax further into consumer finance,
people familiar with the matter said.
Google Plots Course to Overtake Cloud Rivals
The decision to cut jobs is the latest move in a yearlong effort
to shake up the cloud unit and put greater focus on delivering
growth to parent Alphabet.
Buffett's Berkshire Hathaway Stock Underperforms the Most Since 2009
Berkshire Hathaway's earnings surged last year due to unrealized
investment gains. Chairman Warren Buffett sought to reassure
investors about the conglomerate's long-term future following an
underwhelming year for the stock performance.
(END) Dow Jones Newswires
February 24, 2020 09:15 ET (14:15 GMT)
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