News Highlights: Top Company News of the Day

Date : 12/11/2019 @ 8:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Aramco Shares Rise 10% After World's Biggest IPO 
 

Saudi Aramco shares rose 10% in Riyadh after the world's largest initial public offering. The trading debut caps a four-year drive by Crown Prince Mohammed bin Salman to deliver the listing of the state-backed company.

 
Credit Suisse Cuts Profit Targets 
 

Credit Suisse warned that its return on tangible equity, a key measure of profitability, would be less than previously forecast for 2019 and 2020, as the bank faces challenging market conditions.

 
Inditex Backs Guidance as Profits Rise 
 

Inditex reported a rise in net profit to EUR2.7 billion for the first nine months of the fiscal year, and backed its full-year forecast for sales growth.

 
ThaiBev Seeks to Raise Up to $1.47 Billion in Singapore IPO of Beer Business 
 

Thai Beverage PCL, owned by one of Thailand's richest men is seeking to raise up to $1.47 billion through an initial public offering of its beer business in Singapore, people with knowledge of the process said.

 
HSBC Swiss Unit to Pay $192 Million to Settle U.S. Tax Case 
 

A Switzerland-based HSBC unit admitted to helping Americans evade taxes over a decade and agreed to pay $192 million to settle criminal charges.

 
Carlyle Group Widens Fertility Benefits for Employees 
 

Carlyle Group is broadening coverage of fertility services and infertility treatments for employees, including for singles or same-sex partners, according to an internal employee memo.

 
Chevron, Facing Fossil Fuels Glut, Takes $10 Billion Charge 
 

The move is a concession that in an age of oil and gas overabundance, some energy assets will not be profitable anytime soon.

 
Amazon Sees Need for Boosting Technical Skills of Its Workforce 
 

When Amazon's top human-resources executive considers the skills the retail giant might need in its workforce going forward, she has a quick answer.

 
AutoZone Races Toward Record, Fueled by Strong Earnings 
 

Shares of AutoZone surged Tuesday toward an all-time high after the distributor of automotive replacement parts and accessories reported higher-than-expected sales and profits.

 
PG&E Judge Floats Offer to Postpone Ruling on Insurance Deal 
 

The judge overseeing PG&E Corp.'s bankruptcy has offered to postpone a ruling on an $11 billion settlement with insurance companies and big investors, as the company tries to win support from California Gov. Gavin Newsom on its strategy to get out of chapter 11.

 
 

(END) Dow Jones Newswires

December 11, 2019 03:15 ET (08:15 GMT)

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


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