News Highlights: Top Company News of the Day

Date : 02/28/2020 @ 6:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Volkswagen Warns of Uncertainty Ahead After Strong 2019 

The largest auto maker in the world by sales reported strong growth in sales and earnings in 2019, but warned that any forecast for the current year faced uncertainty from geopolitical turbulence and the coronavirus epidemic.

Lockheed Wins Approval to Buy Vector Launch's GalacticSky Business 

A bankruptcy judge approved Lockheed Martin Corp.'s purchase of space-technology company Vector Launch Inc.'s GalacticSky satellite business.

Coty Says It Will Switch CEOs, Again 

Coty Chief Executive Pierre Laubies will leave less than two years after taking over at the beauty and fragrance giant, to be succeeded by the CEO of the Jimmy Choo luxury shoe label.

Big Lots Shares Fall on 4Q Miss, Affect of Covid-19 

Big Lots reported earnings that missed analysts' expectations and said its first-quarter guidance will be affected by Covid-19.

Children's Apparel Startup Slashes Staff, Closes Store 

Rockets of Awesome, a children's apparel startup, is laying off about half of its staff in a retrenchment focused on shifting away from high-paced growth and toward profitability.

Wayfair Copied Amazon to Grow Fast. Now, It Searches for Profits 

Wayfair is trying to show investors it can moderate its losses as revenue growth slows and investor appetite for unprofitable companies dries up. The online furniture seller lost $330 million in the past quarter.

London Stock Exchange's Future Depends on Brussels 

Investors may be too relaxed about two European Union decisions that are crucial to the company's growth plans.

Past Strains Between Boeing, FAA Threaten MAX Simulator Plans 

Plans to mandate simulator training for pilots before the grounded jet can return to service-a time-consuming and costly undertaking-could face a further complication: friction between the plane maker and U.S. officials.

Huawei Seeks Advisers for U.S. Image Makeover 

Under fire from the Trump administration, China's Huawei Technologies has approached high-profile figures in Washington to try to turn around negative perceptions of the company.

Blackstone Offers Sweetener to Early Life Sciences Fund Investors 

Blackstone Group offered sweeteners for investors committing early to its new life sciences fund, which the firm aims to make almost four times as large as its predecessor.


(END) Dow Jones Newswires

February 28, 2020 13:00 ET (18:00 GMT)

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

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