News Highlights: Top Company News of the Day
August 21 2019 - 9:30AM
Dow Jones News
Target Extends Growth Streak With Strong Sales and Profit
Target's sales and profit rose in the second quarter, extending
the retailer's growth streak as investments in its stores,
merchandise and digital capabilities continue to pay off.
Goldman Pursues Majority Stake in Chinese Venture
Goldman Sachs has applied with Chinese regulators to take a
majority stake in an investment-banking joint venture, the most
recent move by a foreign company to tap the nation's vast financial
sector.
Lowe's Reports Higher Profit, Beating Estimates
Lowe's reported higher earnings in its latest quarter that
topped expectations, in a sign the home-improvement retailer's
aggressive cost-cutting strategy could be paying off.
Royal Bank of Canada's Profit Increases
Royal Bank of Canada report that third-quarter profit grew as
net interest income rose by almost 10%, but its credit-loss
provision climbed 23%.
Huawei Finance Chief Argues Canada Abused Her Rights
Huawei Chief Financial Officer Meng Wanzhou argued in court
documents that Canadian efforts to extradite her to the U.S. should
be stayed because of misconduct by Canadian and U.S. law
enforcement.
Judge Agrees to Delay Former Alstom Executive's Bribery Trial
A federal judge granted former Alstom executive Lawrence Hoskins
a brief reprieve from his upcoming trial, but rejected claims that
his constitutional rights had been violated.
Time to Buy Back Bayer
Now is probably a good time for investors to buy back into Bayer
after its ill-fated $63 billion acquisition of U.S. seed giant
Monsanto.
Walmart Sues Tesla Over Solar Cells That Allegedly Sparked Fires
Walmart is suing Tesla, alleging that some of the company's
solar panels sparked roof fires at several of the retailer's
locations, adding to the problems Tesla has had with its venture to
power homes and stores.
China Resists Charge by Twitter, Facebook of Disinformation Effort
China's government pushed back against moves by Twitter and
Facebook to curb accounts the companies said were part of a
state-sponsored disinformation campaign against Hong Kong
protesters.
Crown Resorts Profit Declines as VIP Business Falls
Australian casino operator Crown Resorts said its net profit
fell 28% in the year through June, reflecting a decline in its VIP
business.
(END) Dow Jones Newswires
August 21, 2019 09:15 ET (13:15 GMT)
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