News Highlights: Top Company News of the Day

Date : 02/18/2020 @ 10:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Bed Bath & Beyond Boss Tries to Declutter Its Stores 

Bed Bath & Beyond's new chief executive, Mark Tritton, laid out his vision for remaking the troubled retailer. Decluttering stores is high on his list.

Dutch Court Reinstates Order for Russia to Pay Yukos Shareholders 

Court says Russia must pay $50 billion in compensation to shareholders of former oil giant Yukos, which was once headed by Mikhail Khodorkovsky, a vocal critic of President Vladimir Putin.

PG&E Reports $3.6 Billion Quarterly Loss as Wildfire Costs Mount 

The San Francisco-based utility, which filed for bankruptcy protection last year due to billions in wildfire-related claims, recorded an additional $5 billion in pretax charges related to a settlement.

Walmart Posts Mixed Holiday Sales 

Walmart reported sluggish holiday sales despite continued online gains, adding to a string of disappointments from traditional retailers as they adjust to changing shopping habits.

Bombardier Shed Snowmobiles for Jets, Trains. Now, It's Giving Up Both. 

Bombardier tried to take on much bigger players in the global market for trains and commercial jetliners, and ended up shedding both businesses.

Glencore Swings to Loss Amid Lower Commodity Prices 

Glencore swung to a loss in 2019 as it wrote down $2.8 billion in assets related to its businesses in coal and other commodities.

Sanchez Energy Seeks to Quash Creditor Efforts to Sue Company 

Sanchez Energy Corp. is seeking to stifle a push by the bankrupt energy producer's creditors who want to pursue litigation on the company's behalf.

HSBC Plans to Cut 35,000 Jobs, $100 Billion of Assets 

Europe's biggest bank said it plans to scale back its operations in the U.S. and mainland Europe, as well as its investment bank, as it reported a sharp fall in net profit.

Franklin Resources to Buy Legg Mason for $4.5 Billion 

The deal could help two big players in an industry that is under pressure from shifting investor tastes.

Nissan CEO Faces Rowdy Shareholders 

Nissan Motor Chief Executive Makoto Uchida faced down angry shareholders at a rowdy 2 1/2 hour meeting, where they questioned whether he had a plan to reverse the company's widening losses.


(END) Dow Jones Newswires

February 18, 2020 17:00 ET (22:00 GMT)

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

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