News Highlights: Top Company News of the Day
February 02 2020 - 9:15PM
Dow Jones News
Apple Closes Chinese Stores, Corporate Offices Due to Coronavirus
The company's closures until Feb. 9 marks a significant
escalation in its response to the coronavirus outbreak gripping
China and roiling global markets.
WeWork Parent Names Sandeep Mathrani New CEO
Mr. Mathrani, previously chief executive of Brookfield Property
Partners' retail group, succeeds Artie Minson and Sebastian
Gunningham, who have been co-CEOs of We Co. since Adam Neumann
stepped down.
Boeing's Woes Create Headwinds for U.S. Economy
Boeing's halt in production of the 737 MAX jetliner could reduce
first-quarter GDP by half a percentage point, and second-quarter
output could also take a hit, according to at least three leading
economists.
Spotify, Apple Music Trail Little-Known Rival in Music-Obsessed India
The most popular music streaming service in India, the world's
biggest untapped digital economy, isn't from Spotify Technology SA
or Apple Inc. Instead, it is a local rival little known outside the
country.
JPMorgan's 'High-Class Problem': Its Rising Stock Makes Buybacks More Expensive
Jamie Dimon is facing a Warren Buffett-like problem: a lot of
cash and an expensive stock. Analysts and investors are starting to
ask if that means repurchases will slow.
Super Bowl 2020 Ads Aim to Uplift, Mostly
Super Bowl advertisers are expected to push entertainment and
inspiration on Sunday night, reflecting marketers' calculation that
the game's viewers mostly just want to feel good or do good.
Health-Care Stocks Won't Bern for Long
Politics pose a significant risk to U.S. health-care stocks.
Investors should look past it.
U.S.-European Friction Over Wiring Is Latest Complication for 737 MAX Return
Potentially hazardous wiring inside Boeing's 737 MAX jets is the
latest flashpoint between U.S. and European regulators and another
complication in returning the grounded fleet to service.
As Market Booms, Wells Fargo Advisers Struggle
The bank's wealth-management profits have barely budged from
2016, the year its fake-account scandal burst into public view.
PG&E Promises Board Shake-Up as It Pursues California's Approval on Bankruptcy Exit
PG&E needs to win the governor's support because it plans to
tap a state wildfire fund as part of its financing plan to exit
bankruptcy, and because its plans must be approved by state
regulators.
(END) Dow Jones Newswires
February 02, 2020 21:00 ET (02:00 GMT)
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