News Highlights: Top Company News of the Day

Date : 08/19/2019 @ 10:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Australian Steelmaker BlueScope Plans U.S. Expansion 

BlueScope Steel said it will be able to produce 850,000 more metric tons of steel each year at its North Star business in Delta, Ohio, once the expansion is completed.

Market Tumult Stings the New Bond King 

For much of the past decade, Daniel Ivascyn's Pimco Income Fund has posted stellar returns. So far this year, though, the fund has fallen short of the fund's benchmark index and nearly all of its peers.

Novartis CEO Battles Fallout From Data Manipulation 

Novartis Chief Executive Vas Narasimhan has spent part of his 18 months at the helm of the drug giant cleaning up issues that emerged before his watch. Now, he is facing a storm of his own making.

Nordstrom Did So Much Right, but It's Still in Trouble 

Nordstrom invested heavily in e-commerce, didn't open too many stores and has been quick to experiment with new types of shopping formats. Yet, it's suffering the same fate as department stores that innovated less.

Trump to Give Huawei More Time to Work With U.S. Customers 

The Trump administration plans to extend a temporary license enabling Huawei to continue working with U.S. customers despite national-security concerns that landed the Chinese telecom on an export blacklist.

Chinese Police Probe Gun in FedEx Package 

Chinese police are investigating the presence of a gun in a package shipped by FedEx to China from the U.S., the latest scrutiny directed at the American shipping company by Chinese authorities.

Disney's Latest Endeavor: Getting the Fox Studio on Track 

Disney is faced with the challenge of integrating Fox's entertainment assets, which have languished as executives and staff left during the year-and-a-half it took to close the deal and movies flopped.

Today's Tech IPOs Offer Lower Growth for Top Dollar 

Investors who buy into today's high-profile initial public offerings are getting a raw deal. Recent tech IPOs tend to be less profitable, slower-growing and more aggressively priced than their predecessors.

SoftBank to Lend Founder and Employees Billions to Invest in Fund 

Softbank is leaning on its employees, including its CEO, for cash as the firm rushes to raise an ambitious technology fund amid volatile markets.

Bright Horizons Straddles the Juggle 

Much like paying up for child care makes sense, it may be worth paying up for it in your portfolio.


(END) Dow Jones Newswires

August 19, 2019 05:15 ET (09:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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