News Highlights: Top Company News of the Day
February 28 2020 - 1:15PM
Dow Jones News
Volkswagen Warns of Uncertainty Ahead After Strong 2019
The largest auto maker in the world by sales reported strong
growth in sales and earnings in 2019, but warned that any forecast
for the current year faced uncertainty from geopolitical turbulence
and the coronavirus epidemic.
Lockheed Wins Approval to Buy Vector Launch's GalacticSky Business
A bankruptcy judge approved Lockheed Martin Corp.'s purchase of
space-technology company Vector Launch Inc.'s GalacticSky satellite
business.
Coty Says It Will Switch CEOs, Again
Coty Chief Executive Pierre Laubies will leave less than two
years after taking over at the beauty and fragrance giant, to be
succeeded by the CEO of the Jimmy Choo luxury shoe label.
Big Lots Shares Fall on 4Q Miss, Affect of Covid-19
Big Lots reported earnings that missed analysts' expectations
and said its first-quarter guidance will be affected by
Covid-19.
Children's Apparel Startup Slashes Staff, Closes Store
Rockets of Awesome, a children's apparel startup, is laying off
about half of its staff in a retrenchment focused on shifting away
from high-paced growth and toward profitability.
Wayfair Copied Amazon to Grow Fast. Now, It Searches for Profits
Wayfair is trying to show investors it can moderate its losses
as revenue growth slows and investor appetite for unprofitable
companies dries up. The online furniture seller lost $330 million
in the past quarter.
London Stock Exchange's Future Depends on Brussels
Investors may be too relaxed about two European Union decisions
that are crucial to the company's growth plans.
Past Strains Between Boeing, FAA Threaten MAX Simulator Plans
Plans to mandate simulator training for pilots before the
grounded jet can return to service-a time-consuming and costly
undertaking-could face a further complication: friction between the
plane maker and U.S. officials.
Huawei Seeks Advisers for U.S. Image Makeover
Under fire from the Trump administration, China's Huawei
Technologies has approached high-profile figures in Washington to
try to turn around negative perceptions of the company.
Blackstone Offers Sweetener to Early Life Sciences Fund Investors
Blackstone Group offered sweeteners for investors committing
early to its new life sciences fund, which the firm aims to make
almost four times as large as its predecessor.
(END) Dow Jones Newswires
February 28, 2020 13:00 ET (18:00 GMT)
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