News Highlights: Top Company News of the Day

Date : 01/22/2020 @ 12:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

New Diesel Charge Hits Daimler Profits 

Mercedes-Benz owner Daimler reported a near 50% drop in earnings last year and warned that it would take up to $1.7 billion in additional charges, further impairing profits, in the wake of investigations into allegations that it cheated on diesel emissions.

CBS Bets Big on 'Star Trek: Picard' to Boost Streaming 

As the overseer of the "Star Trek" properties, Alex Kurtzman is charged with updating the space drama for a new generation without alienating its hard-core fans. But there's much more at stake as ViacomCBS counts on the franchise to bolster its streaming service.

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.

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.

Money Managers Venture Into Risky World of Trade Finance 

Money managers including Allianz and American International Group have found a window of opportunity to enter a business that has long been the domain of banks.

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.

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.

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.

Boeing Delays 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.


(END) Dow Jones Newswires

January 22, 2020 07:00 ET (12:00 GMT)

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

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