News Highlights: Top Company News of the Day

Date : 02/21/2020 @ 4:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Wells Fargo Nears Settlement With Justice Department, SEC Over Fake-Account Scandal 

Wells Fargo could pay roughly $3 billion combined over its fake-account scandal.

Google Resists Demands From States in Ad Probe 

The search-engine company is reluctant to surrender some documents sought by investigators looking into possible anticompetitive practices.

Deere Outperforms in Latest Quarter 

Deere performed better than expected in the latest quarter, but the tractor and construction machinery maker maintained its sluggish outlook for the year.

Nissan Cuts Ex-CEO Saikawa's Exit Package 

The car maker's board sharply cut the exit package of ousted Chief Executive Hiroto Saikawa, who presided over a pronounced decline in the car maker's earnings.

Royal Bank of Canada Profit Rises 

Canada's largest bank said its profit rose for the fiscal first quarter as its capital-markets segment led gains.

Quebec's Caisse Eyes $1 Billion Payday on Bombardier Train Sale 

Quebec's giant pension-fund manager is poised to earn a $1 billion profit from Alstom's planned takeover of Bombardier's train business, thanks to an unusual deal it struck four years ago.

Sprint, T-Mobile Revise Merger Terms 

Sprint and T-Mobile have agreed on new terms for their merger, as the wireless carriers race to close the deal after overcoming a federal court challenge.

Allianz Posts Forecast-Beating Profit 

Allianz posted an above-forecast rise in fourth-quarter net profit to EUR1.86 billion and guided for an operating profit in 2020 of around EUR12 billion.

Pearson Profit Halves 

Pearson posted a 6% rise in adjusted operating profit to GBP581 million in 2019, but said its pretax profit more than halved on restructuring charges, weaker revenue and fewer gains on disposals.

Axis Bank Plans Strategic Partnership With Max Life 

Axis Bank Ltd. has agreed to a strategic partnership with Max Life Insurance Company which may see the bank raise its stake in the insurer.


(END) Dow Jones Newswires

February 21, 2020 11:15 ET (16:15 GMT)

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

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