News Highlights: Top Company News of the Day

Date : 01/22/2020 @ 2:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

SEC Decision on 4 p.m. Closing Trades Deals Blow to NYSE, Nasdaq 

Regulators have loosened the New York Stock Exchange and Nasdaq's grip on the 4 p.m. closing auctions that determine end-of-day prices for thousands of stocks.

IBM Calls for 'Precision' Approach to Regulating AI 

The company is calling for governments to take a "precision" approach to regulating artificial intelligence, working with businesses to come up with rules that avoid hampering innovation.

Intel Names New Chairman 

Intel has named Omar Ishrak as its new independent chairman effective immediately, replacing Andy Bryant who stepped down from his role at a board meeting earlier this month.

Snyk's Skyrocketing Valuation Reflects Growing Interest in Late-Stage Enterprise Businesses 

The London-based startup raised $150 million in a Series C funding round led by existing investor Stripes, the company said. Its $1 billion-plus valuation is roughly double the amount tallied when it raised its prior round in September, and 10 times more than its valuation in a fundraising round about 18 months ago, the company said.

CapitaLand Commercial Trust and CapitaLand Mall Trust Plan Merger 

The merger will create Singapore's largest real-estate investment trust with a market capitalization of 16.8 billion Singapore dollars (US$12.45 billion).

Toyota Recalls 2.9 Million Vehicles in U.S. 

Toyota Motor Corp. is recalling about 2.9 million vehicles in the U.S. because of issues with an electronic control unit "from a specific supplier" that could lead to incomplete or nondeployment of air bags and/or seat belt pretensioners.

Netflix Subscriber Growth Falls Short in U.S., but Leaps Abroad 

The streaming giant missed its forecast for U.S. subscriber growth for the third straight quarter, but it added 8.3 million subscribers abroad to blow through its expectations for overseas expansion.

IBM Earnings Hint at Signs of Turnaround 

IBM reported a slight increase in quarterly revenue, ending a streak of falling sales and providing a first indication CEO Ginni Rometty's roughly $33 billion acquisition of open-source software giant Red Hat may help turn around Big Blue's fortunes.

Boeing Pushes Back Expected MAX Return 

Boeing pushed back its timetable for regulators to clear the return of the troubled 737 MAX for commercial service, saying it doesn't expect approval until at least the middle of the year.

United Airlines Reports Stronger Profit, Revenue 

United Airlines reported higher profit in the latest quarter on stronger revenue and lower fuel costs, despite challenges from the grounding of Boeing's 737 MAX.


(END) Dow Jones Newswires

January 21, 2020 21:15 ET (02:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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