News Highlights: Top Company News of the Day
February 03 2020 - 5:30AM
Dow Jones News
Worldline to Buy Ingenico
Worldline said it would buy payment-services provider Ingenico
in a deal valued at EUR7.8 billion.
Ryanair Swings to Profit
Ryanair said it was extending its buyback program to the end of
July as it reported a net profit of EUR87.8 million for the third
quarter.
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.
Forever 21 Unveils Deal to Sell to Mall Owners
Forever 21 reached a deal Sunday to sell the retail chain to a
consortium of buyers including landlords Simon Property Group,
Brookfield Property Partners and Authentic Brands Group for $81
million.
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.
GlaxoSmithKline Offers Vaccine Booster to Research Groups
Vaccines giant GlaxoSmithKline said it would donate a
vaccine-booster to groups racing to develop a shot against the new
coronavirus.
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.
(END) Dow Jones Newswires
February 03, 2020 05:15 ET (10:15 GMT)
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