News Highlights: Top Company News of the Day
August 19 2019 - 11:30AM
Dow Jones News
Tailored Brands Closes Sale of Corporate-Apparel Segment
Tailored Brands said that it closed the sale of its
corporate-apparel segment for $62 million and raised its second
quarter adjusted earnings guidance.
Newmont Goldcorp Is About to Pan Out
The world's biggest gold miner is somehow lagging as gold
rallies.
An Economic Warning Sign: RV Sales Are Slipping
Multiyear drops in recreational-vehicle shipments to
dealers-many from the Elkhart, Ind., region-have preceded the last
three downturns. Shipments have fallen about 20% so far this year,
after a 4.1% drop last year.
Airbus Harnessing AI in Bid to Save Millions on Finance Tasks
Airbus is using artificial intelligence to squeeze cost out of
its finance function, an experiment launched in the aircraft
maker's Americas division that could save the corporation millions
of dollars annually if rolled out in other regions.
Norsk Hydro Tests AI in Cyber Defenses After Attack
The Norwegian aluminum company's investigation of a ransomware
attack it suffered in March has revealed new vulnerabilities,
leading it to test using artificial intelligence to secure its
industrial equipment.
Australian Steelmaker BlueScope Plans U.S. Expansion
BlueScope Steel said it will be able to produce 850,000 more
metric tons of steel each year at its North Star business in Delta,
Ohio, once the expansion is completed.
Market Tumult Stings the New Bond King
For much of the past decade, Daniel Ivascyn's Pimco Income Fund
has posted stellar returns. So far this year, though, the fund has
fallen short of the fund's benchmark index and nearly all of its
peers.
Novartis CEO Battles Fallout From Data Manipulation
Novartis Chief Executive Vas Narasimhan has spent part of his 18
months at the helm of the drug giant cleaning up issues that
emerged before his watch. Now, he is facing a storm of his own
making.
Nordstrom Did So Much Right, but It's Still in Trouble
Nordstrom invested heavily in e-commerce, didn't open too many
stores and has been quick to experiment with new types of shopping
formats. Yet, it's suffering the same fate as department stores
that innovated less.
Trump to Give Huawei More Time to Work With U.S. Customers
The Trump administration plans to extend a temporary license
enabling Huawei to continue working with U.S. customers despite
national-security concerns that landed the Chinese telecom on an
export blacklist.
(END) Dow Jones Newswires
August 19, 2019 11:15 ET (15:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.