News Highlights: Top Company News of the Day

Date : 01/24/2020 @ 6:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Intel Cushions Its Capital Pain 

Production arms race with TSMC grows more expensive, even as data-center sales soar.

American Express Expects Earnings to Rise in 2020 

Fourth-quarter profit beat Wall Street's expectations and the credit-card company gave an optimistic earnings outlook for 2020. Shares rose.

5G's Growing Costs Sting Swedish Telecom Giant Ericsson 

Ericsson returned to profit in the fourth quarter but concerns about higher costs associated with new fifth-generation mobile networks and a slowdown in North America sent its shares down more than 7%.

Rémy Cointreau Offers Investors a Dry Few Months 

Rémy Cointreau has blamed a dismal end to 2019 on a series of one-offs, and it won't be clear whether the problems go deeper until the new boss lays out his strategy in June.

Deutsche Bank Appoints Former German Foreign Minister to Board 

Deutsche Bank said that it has picked Sigmar Gabriel, a former minister in German Chancellor Angela Merkel's government, to join its board, after the appointment of another nominee fell through.

Consumer Giants Are Struggling to Slim Down 

The fastest way for consumer-product manufacturers to improve sales growth-their No. 1 priority-is to unload unfashionable brands that are dragging down their performance. So it is a puzzle why they are selling so little.

Bayer Gains on Roundup-Settlement Report 

Bayer shares were trading around 3% higher, buoyed by a report that the German conglomerate could settle its weed killer legal cases for around $10 billion.

Pentagon Blocks Clampdown on Huawei Sales 

The Commerce Department has withdrawn proposed regulations making it harder for U.S. companies to sell to Huawei from their overseas facilities following objections from the Pentagon and the Treasury Department.

U.S. Moves to Curb E-Commerce Counterfeiting 

The Trump administration is warning online sellers and warehouse operators they will face greater scrutiny and penalties if they don't help stem the rising tide of fakes sold on the internet.

Uber Braces for Clash With EU Cities on Scooter Data 

Uber said several European cities have told the company they want it to share data about usage of its electric scooters and bicycles, setting up potential privacy disputes similar to the one between Uber and Los Angeles.


(END) Dow Jones Newswires

January 24, 2020 13:15 ET (18:15 GMT)

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

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