News Highlights: Top Company News of the Day

Date : 02/24/2020 @ 2:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

HSBC Keeps Net Open for New CEO 

HSBC said it would continue looking for a new chief executive while it considers permanently appointing interim CEO Noel Quinn, after UniCredit boss Jean Pierre Mustier withdrew from talks about the job.

Boeing Offers More Support for 737 MAX Suppliers 

Boeing is planning more financial and other support to its 737 MAX suppliers to prepare them to resume production of the jetliner-and dissuade some from seeking more business from Airbus.

European Airline Stocks Tumble as Coronavirus Spreads in Italy 

Shares of European airlines plunged led by EasyJet and Ryanair, on speculation that authorities may crack down on flights and travel in the region after the biggest outbreak of coronavirus outside Asia emerged in Italy.

Teck Pulls Oil Project, Blames Canada's Climate-Policy Uncertainty 

A Canadian mining company shelved a proposed multibillion-dollar energy project that the federal cabinet was days away from issuing a verdict on, citing political uncertainty about oil-and-gas development in the resource-rich country.

PepsiCo to Buy Chinese Online Snack Company for $705 Million 

PepsiCo has agreed to buy Be & Cheery, an online snack company in China from Haoxiangni Health Food, for $705 million.

Tobacco Bosses Mix and Match Their Nicotine Hit 

The number of cigarettes sold globally is in decline, but many consumers are just getting their nicotine fix elsewhere.

Move Over, Elliott. Argentina's New Bond-Market Nemesis Is Fidelity. 

Argentina's new adversary in the bond market is no highflying hedge fund. It's Fidelity Investments.

Intuit Near Deal to Buy Credit Karma for $7 Billion 

Intuit is near a deal to buy personal-finance portal Credit Karma for about $7 billion in cash and stock, pushing the company behind QuickBooks and TurboTax further into consumer finance, people familiar with the matter said.

Google Plots Course to Overtake Cloud Rivals 

The decision to cut jobs is the latest move in a yearlong effort to shake up the cloud unit and put greater focus on delivering growth to parent Alphabet.

Buffett's Berkshire Hathaway Stock Underperforms the Most Since 2009 

Berkshire Hathaway's earnings surged last year due to unrealized investment gains. Chairman Warren Buffett sought to reassure investors about the conglomerate's long-term future following an underwhelming year for the stock performance.


(END) Dow Jones Newswires

February 24, 2020 09:15 ET (14:15 GMT)

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

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