News Highlights: Top Company News of the Day

Date : 01/29/2020 @ 2:30AM
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.

Univision Suitor Seeks to Recruit CBS Chief to Front Bid 

Joe Ianniello, who oversees CBS assets at ViacomCBS, hasn't decided whether to join Platinum Equity's bid for the Spanish-language broadcaster.

Chipmaker Xilinx to Cut About 7% of Workforce 

Xilinx blamed a "perfect storm" of a slowdown in fifth-generation technology investments and the impact of trade restrictions blocking business with China's Huawei Technologies.

Starbucks Closes 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.

FDA Approves Eko Devices' Algorithms for Detecting Heart Conditions 

Eko Devices Inc., which raised $20 million in venture capital in September, has secured U.S. regulatory clearance for algorithms designed to improve screening for two common heart conditions as digital-health startups push into the cardiovascular-disease sector.

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.

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.


(END) Dow Jones Newswires

January 28, 2020 21:15 ET (02:15 GMT)

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

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