News Highlights: Top Company News of the Day

Date : 02/25/2020 @ 6:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Intuit's New Way to Beat the Taxman 
 

The company best known for its TurboTax software has an array of competitors in the field, but the most formidable one lurks in the background.

 
Barclays Probe Signals 'Governance Weakness,' Activist Investor Says 
 

U.K. officials' probe of Barclays CEO Jes Staley's professional relationship with late financier Jeffrey Epstein shows "governance weakness" at the British bank, activist investor Edward Bramson said.

 
Two Juul Executives Leave Company in Pullback Overseas 
 

Two executives overseeing international regions for Juul Labs are departing the e-cigarette company as it scales back its overseas operations, according to people familiar with the matter.

 
Hilton's Waldorf Beverly Hills Used a Mole to Steal Secrets From Rival, Lawsuit Says 
 

The Waldorf Astoria Beverly Hills is making a push to attract Middle Eastern royals and well-heeled celebrities. Now, a rival hotel is alleging the Waldorf stole corporate secrets and personal information about some of those guests in an effort to win business.

 
Bank of Montreal Posts Profit Rise 
 

The Canadian bank logged a 5.4% rise in its fiscal first-quarter profit thanks in part to a lift in revenue and a solid period for loan and deposit growth and its capital markets arm.

 
Univision Sells to Group Led by Ex-Viacom Executive for Less Than $10 Billion 
 

The Spanish-language broadcaster agreed to sell a majority stake to private-equity firm Searchlight Capital and a company founded by former Viacom finance chief Wade Davis.

 
Thomson Reuters Names Former Nielsen Executive as CEO 
 

Steve Hasker will succeed Jim Smith, who will become the chairman of Thomson Reuters Foundation, the media company's charitable arm.

 
Walmart to Combine Online and Store Product-Buying Teams 
 

The retailer is merging two of its buying groups in an effort to reduce internal conflict and boost profits at its e-commerce business, whose sales are on track to approach $50 billion this year.

 
Home Depot's Quarterly Profit Rises 
 

The home-improvement retailer posted net income of $2.48 billion as same-store sales rose 5.2%.

 
Macy's: Coronavirus Slows Tourist Spending, Chinese Suppliers 
 

The chief executive said the retailer is seeing a slight slowdown in sales as a result of the coronavirus, but it was too soon to know how significant an impact the disease would have on consumers or suppliers.

 
 

(END) Dow Jones Newswires

February 25, 2020 13:15 ET (18:15 GMT)

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


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