News Highlights: Top Company News of the Day

Date : 01/28/2020 @ 2:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Lockheed Martin Boosts 2020 Guidance 

Lockheed Martin forecast another year of record sales following booming demand in the U.S. and overseas for its combat jets, missiles and classified satellites.

United Technologies Reports Higher Profit, Sales 

The industrial conglomerate posted higher-than-expected sales and adjusted earnings in the latest quarter, but warned that halted production of the Boeing Co. 737 MAX could hurt results in its Collins Aerospace business.

BorgWarner to Buy Delphi Technologies in $3.3 Billion Deal 

In a deal that will combine two major auto-parts makers, BorgWarner is buying Delphi Technologies in an all-stock transaction that values Delphi at about $3.3 billion.

McDonald's Looks to Step Up Chicken Offerings at Breakfast 

McDonald's will pilot breakfast chicken sandwiches, a move that comes as the fast-food chain faces intense competition at the start of the day and looks to upgrade offerings for a key protein.

Pfizer Sales Fall on Loss of Drug Exclusivity 

The drugmaker reported lower quarterly sales as it lost U.S. market exclusivity for its blockbuster pain drug Lyrica in 2019

3M to Cut 1,500 Jobs, Posts Lower Profit 

The manufacturing conglomerate, which reported a decline in fourth-quarter profit, said it would eliminate 1,500 jobs as part of a broad restructuring effort.

Harley-Davidson Reports Weaker Motorcycle Sales In U.S. 

The motorcycle maker's retail-level sales fell in the fourth quarter amid lower demand in the U.S., but earnings increased.

U.K. Allows Huawei to Build Parts of 5G Network 

Huawei was given the green light to build part of Britain's next-generation 5G cellular network, with the U.K. government dismissing calls from the U.S. to boycott the Chinese telecom-equipment vendor over security fears.

Airbus Reaches Deal to End Long-Running Global Corruption Probe 

The European plane maker has reached a preliminary agreement with fraud agencies in the U.S., U.K. and France over their probe into bribery and corruption, lifting a reputational and legal cloud that has hung over the company for years.

Xerox Reports Rise in Net Income, Lower Sales 

The copier maker reported fourth-quarter earnings of $818 million, or $3.61 a share, compared with $137 million, or 56 cents a share, a year ago. Xerox is pursuing HP with a $33 billion unsolicited takeover offer.


(END) Dow Jones Newswires

January 28, 2020 09:00 ET (14:00 GMT)

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

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