News Highlights: Top Company News of the Day

Date : 01/22/2020 @ 8:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

ASML Plans Buyback as Profits Jump 

ASML launched a share-buyback program of up to EUR6 billion as it reported a jump in fourth-quarter net profit to EUR1.13 billion, and forecast further strong growth in 2020.

Hyundai Motor Swung to Profit in 4th Quarter 

Hyundai Motor Co. returned to profit in the fourth quarter thanks to robust growth in sales of its more profitable sport-utility vehicles.

Incoming BP Finance Chief Faces Two-Pronged Challenge 

BP's incoming chief financial officer faces a two-pronged challenge as the U.K. oil-and-gas giant is under pressure to increase investments in renewables without sacrificing shareholder returns.

Xerox to Nominate as Many as 11 Directors to HP Board 

Xerox is preparing to nominate as many as 11 directors to HP's board in an aggressive move to push a $33 billion unsolicited takeover bid for the maker of computers and printers.

GM's Cruise Reveals New Robot Taxi: Toaster-Shaped, No Steering Wheel 

General Motors' autonomous car unit, Cruise, revealed a toaster-shaped robot taxi that it says will be cheaper than taking a human-driven ride-hailing service or driving a car.

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.

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 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.

Investment in U.K. Biotech Tumbles 

New data made public by an industry body showed that investment in the U.K.'s life-science sector fell 39% in 2019, although the trend was replicated across markets, with the U.S. and Europe also showing flat or reduced investment.

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.


(END) Dow Jones Newswires

January 22, 2020 03:15 ET (08:15 GMT)

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

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