News Highlights: Top Company News of the Day
February 20 2018 - 3:15AM
Dow Jones News
HSBC Misses Profit Target as Bad Loans Weigh
HSBC, which swung to a fourth-quarter pretax profit of $2.3
billion from a year-earlier $3.45 billion loss, said it plans to
issue up to $7 billion in Tier 1 capital in the first half of the
year and repurchase shares "when appropriate."
BHP Profit Falls But Dividend Rises
BHP Billiton reported a 37% fall in first-half net profit but
said it would lift its midyear payout by 38% after resurgent
commodity prices sharply boosted its cash flow.
Facebook Battles New Criticism After Indictment Against Russians
Facebook is contending with a new wave of criticism prompted by
the U.S. indictment alleging that Russia manipulated social-media
platforms-and by a Facebook executive's attempts to address the
issue.
Albertsons and Rite Aid to Combine
Albertsons plans to buy the rest of Rite Aid that isn't being
sold to Walgreens Boots Alliance as retailers of all stripes
scramble to respond to a rapidly changing consumer shopping
landscape.
Chevron Says It Has Resumed Oil Drilling in Iraqi Kurdistan
Chevron said Monday that it has resumed drilling in Iraqi
Kurdistan, in a sign that tensions between Baghdad and the
semiautonomous area's government are easing.
Noble Energy, Israel's Delek to Supply Gas to Egypt
Investors in Israel's natural-gas fields agreed Monday to supply
an Egyptian company with gas valued at $15 billion, a deal that
will build on growing ties between once-hostile neighbors.
Federal Judge Approves $300 Million Loan for Puerto Rico Utility
A federal judge approved an emergency $300 million loan that
will keep Puerto Rico's troubled electric utility in operation,
averting a threat of more power outages at a time when the island
is trying to recover from last summer's devastating hurricanes.
Barneys Aims to Reinvent Luxury Marketing for Younger Shoppers
CEO Daniella Vitale says the old ways don't work in a market now
driven by a new generation.
'Black Panther' Roars to Top of Box Office
With an estimated opening of $235 million in the U.S. and
Canada, "Black Panther" was another blockbuster success for Walt
Disney Co.'s Marvel Studios but also a breakthrough for movies with
primarily black casts..
Iranian Airline Bought U.S. Jet Parts Through Front Firms
An Iranian airline under sanctions by the U.S. for ferrying
weapons and fighters into Syria repeatedly bought U.S.-made jet
engines and parts through Turkish front companies over the past
several years, most recently in December, federal investigators
said.
(END) Dow Jones Newswires
February 20, 2018 03:00 ET (08:00 GMT)
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