News Highlights: Top Company News of the Day

Date : 01/29/2020 @ 12:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Apple Posts Record Revenue on Strong iPhone, App Sales 

Apple posted record revenue and a return to profit growth in its latest quarter behind strong sales of iPhones, apps and its AirPod wireless earbuds.

Starbucks Closed Half of China Stores Amid Coronavirus Outbreak 

The coffee chain said customers in the U.S. helped to drive up sales in its latest quarter, but it has closed more than half of its stores in China because of the coronavirus outbreak.

U.S. Targets Phone Companies for Allegedly Aiding Robocallers 

Federal prosecutors sought restraining orders against telecommunications operators in two states that they said allowed illegal fraudulent calls to go through to recipients.

EBay Profit Drops Amid Strategic Review 

Quarterly net revenue for e-commerce company eBay fell 2% from a year ago but was slightly above analysts' estimates. Profit fell 27%.

Match Group CEO Mandy Ginsberg Steps Down 

Match Group CEO Mandy Ginsberg is stepping down as she faces challenges in her personal life, an internal memo said, marking a leadership change at the dating app-company months before its planned spinoff.

J.Crew Hires Former Victoria's Secret Executive as CEO 

J.Crew has hired former Victoria's Secret executive Jan Singer as its next chief executive, in an effort to revitalize its namesake brand and reverse a long sales slump.

Airbus Faces Nearly $4 Billion Penalty in Corruption Probes 

The European plane maker has set aside EUR3.6 billion to settle investigations by U.S., U.K. and French authorities into contract dealings involving middlemen.

Renault Appoints Luca De Meo as New CEO 

French car maker Renault named Luca de Meo as chief executive effective July 1. It also named Clotilde Delbos, who has been serving as CEO on an interim basis, as deputy chief executive.

LVMH Sales Powered by Fashion, Leather Goods 

French luxury-goods conglomerate's revenue rose 15%, driven by strong growth at Louis Vuitton and Christian Dior.

TPG in Talks to Split With Its $33 Billion Credit-Investing Arm 

TPG Sixth Street Partners, which was founded in the depths of the financial crisis by a group of former Goldman Sachs investors, is in talks to buy back a sizable portion of TPG's minority stake.


(END) Dow Jones Newswires

January 28, 2020 19:00 ET (00:00 GMT)

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

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