News Highlights: Top Company News of the Day

Date : 01/24/2020 @ 10:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Discover Shares Plunge on Worries About Troubled Borrowers 

Shares in Discover Financial Services fell about 11% Friday after analysts raised questions about troubled borrowers in its credit-card portfolio.

Bayer's Latest Roundup Trial Postponed Amid Settlement Talks 

The trial over allegations that Roundup causes cancer was postponed indefinitely at the last minute 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.


(END) Dow Jones Newswires

January 24, 2020 17:15 ET (22:15 GMT)

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

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.