News Highlights: Top Company News of the Day
February 19 2019 - 5:30PM
Dow Jones News
Ford to Exit Heavy-Truck Business in South America
The auto maker intends to stop making heavy trucks in Latin
America and end production at an assembly plant in Brazil this
year.
Herbalife Nutrition Reports Return to Profit, Higher Sales in 4Q
Herbalife Nutrition said it returned to a profit in its fourth
quarter as it saw higher sales.
McKinsey, U.S. Settle Alleged Bankruptcy Abuses
McKinsey agreed to pay $15 million to settle Justice Department
allegations that the consulting firm failed to make required
disclosures of potential conflicts in three chapter 11 cases it had
advised on in recent years.
Pentagon Cloud-Computing Contract Sought by Amazon Faces New Hurdle
The Defense Department filed a new motion in the legal battle
over a military cloud-computing contract valued at up to $10
billion, marking a tactical shift that could signal more trouble
for a procurement process Amazon.com has been favored to win.
Walmart Posts Strong Holiday Sales Gains in U.S.
Walmart's profit and sales rose over the winter holidays, a sign
that the retail giant lured shoppers from rivals and that Americans
continued to spend freely amid mixed economic signals.
Medtronic Swings to Profit Despite Slowdown in Heart-Failure Treatments
Higher sales of medical devices used in the treatment of brain
and kidney diseases helped Medtronic offset a slowdown in sales of
gear for heart conditions in its latest quarter.
Honda Plans to Shift Some U.K. Civic Production to North America
Honda's chief said he wanted to move some production of Civics
to North America from a closing U.K. car plant, offering an example
of shifts that may ensue after Brexit.
Car-Rental Company Avis Names New Finance Chief
Avis Budget Group on Tuesday appointed John F. North III as
chief financial officer, a move that comes as the car-rental
company endeavors to boost its share price and its
profitability.
Danske Bank to Shut Estonia Branch Amid Money-Laundering Scandal
Danske Bank is shutting down its operations in Estonia as the
fallout continues from a massive money-laundering scandal that has
led to investigations in several countries.
Hedge-Fund Giant Citadel Hires Manager Away From Her Own Fund
Citadel, one of the world's largest hedge-fund firms, has hired
Samantha Greenberg away from her fund, Margate Capital. Ms.
Greenberg is one of the hedge-fund industry's few female
founders.
(END) Dow Jones Newswires
February 19, 2019 17:15 ET (22:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.