News Highlights: Top Company News of the Day

Date : 01/29/2020 @ 10:15AM
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.

Novartis Posts Sales Growth as It Slims Down 

Swiss pharmaceutical company Novartis reported strong sales of new drugs including gene therapy Zolgensma, a sign the company's focus on cutting-edge medicines is starting to pay off.

British Airways Suspends China Flights as Coronavirus Spreads 

British Airways became the first global airline to cancel service to and from mainland China as the virus spread beyond Asia, while a U.S.-chartered plane carried diplomats and other Americans from Wuhan to California.

Santander Profits Beat Expectations 

Santander's fourth-quarter net profit rose 35%, helped by one-offs, as the bank strengthened its capital position.

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.

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.

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.


(END) Dow Jones Newswires

January 29, 2020 05:00 ET (10:00 GMT)

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

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