News Highlights: Top Company News of the Day

Date : 01/24/2020 @ 8:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Bayer's Latest Roundup Weedkiller Trial Postponed Amid Settlement Talks 
 

The latest trial over allegations that Bayers Roundup weedkiller causes cancer was postponed indefinitely at the last minute on Friday to allow room for escalating settlement talks to continue.

 
Facebook Loses Ruling on Data Protection 
 

A German court ruled that some user terms set by Facebook violate consumer-data protection law, as the EU's extensive privacy rules continue to get hashed out.

 
Intel Cushions Its Capital Pain 
 

Production arms race with TSMC grows more expensive, even as data-center sales soar.

 
American Express Expects Earnings to Rise in 2020 
 

Fourth-quarter profit beat Wall Street's expectations and the credit-card company gave an optimistic earnings outlook for 2020. Shares rose.

 
5G's Growing Costs Sting Swedish Telecom Giant Ericsson 
 

Ericsson returned to profit in the fourth quarter but concerns about higher costs associated with new fifth-generation mobile networks and a slowdown in North America sent its shares down more than 7%.

 
Rémy Cointreau Offers Investors a Dry Few Months 
 

Rémy Cointreau has blamed a dismal end to 2019 on a series of one-offs, and it won't be clear whether the problems go deeper until the new boss lays out his strategy in June.

 
Deutsche Bank Appoints Former German Foreign Minister to Board 
 

Deutsche Bank said that it has picked Sigmar Gabriel, a former minister in German Chancellor Angela Merkel's government, to join its board, after the appointment of another nominee fell through.

 
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.

 
Pentagon Blocks Clampdown on Huawei Sales 
 

The Commerce Department has withdrawn proposed regulations making it harder for U.S. companies to sell to Huawei from their overseas facilities after objections from the Pentagon and the Treasury Department.

 
 

(END) Dow Jones Newswires

January 24, 2020 15:15 ET (20:15 GMT)

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


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