News Highlights: Top Company News of the Day

Date : 01/24/2020 @ 12:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

U.S. Moves to Curb E-Commerce Counterfeiting 

The Trump administration is warning online sellers and warehouse operators they will face greater scrutiny and penalties if they don't help stem the rising tide of fakes sold on the internet.

Consumer Giants Are Struggling to Slim Down 

The fastest way for consumer-product manufacturers to improve sales growth-their No. 1 priority-is to unload unfashionable brands that are dragging down their performance. So it is a puzzle why they are selling so little.

Bayer Gains on Roundup-Settlement Report 

Bayer shares were trading around 3% higher, buoyed by a report that the German conglomerate could settle its weed killer legal cases for around $10 billion.

Uber Braces for Clash With EU Cities on Scooter Data 

Uber said several European cities have told the company they want it to share data about usage of its electric scooters and bicycles, setting up potential privacy disputes similar to the one between Uber and Los Angeles.

No, Tesla Isn't Bigger Than Volkswagen 

But its stock price reflects that unlike the industry leader or GM, Elon Musk's car maker has little to lose in the journey to a greener future.

New Warehouse Supply Projected to Exceed Demand Over Next Two Years 

Developers are expected to deliver about 301 million square feet of new warehouse space in the U.S., Canada and Mexico this year, while tenants will lease about 242 million square feet, according to a new report from Cushman & Wakefield PLC.

Ericsson Slumps Amid Higher Costs 

UPDATED: Ericsson shares fell as much as 8.2% in early trade after the company's fourth-quarter earnings were weighed by higher costs.

Remy Cointreau Shares Plunge As It Suspends Guidance 

UPDATED: Remy Cointreau shares fell nearly 9% after the premium-spirits maker reported a worse-than-expected sales decline for the third quarter, and said it was suspending its guidance until it reveals a new strategic roadmap later this year.

Axel Springer Plans Frankfurt Delisting 

Axel Springer is going private in a deal led by KKR, which owns around 45% of the German media giant.

Carrefour Shares Rise on Sales, Earnings Outlook 

Shares in Carrefour rose after the company booked higher sales during the fourth quarter, supporting expectations of earnings growth for the full year.


(END) Dow Jones Newswires

January 24, 2020 07:00 ET (12:00 GMT)

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

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