News Highlights: Top Company News of the Day
February 25 2020 - 1:15PM
Dow Jones News
Intuit's New Way to Beat the Taxman
The company best known for its TurboTax software has an array of
competitors in the field, but the most formidable one lurks in the
background.
Barclays Probe Signals 'Governance Weakness,' Activist Investor Says
U.K. officials' probe of Barclays CEO Jes Staley's professional
relationship with late financier Jeffrey Epstein shows "governance
weakness" at the British bank, activist investor Edward Bramson
said.
Two Juul Executives Leave Company in Pullback Overseas
Two executives overseeing international regions for Juul Labs
are departing the e-cigarette company as it scales back its
overseas operations, according to people familiar with the
matter.
Hilton's Waldorf Beverly Hills Used a Mole to Steal Secrets From Rival, Lawsuit Says
The Waldorf Astoria Beverly Hills is making a push to attract
Middle Eastern royals and well-heeled celebrities. Now, a rival
hotel is alleging the Waldorf stole corporate secrets and personal
information about some of those guests in an effort to win
business.
Bank of Montreal Posts Profit Rise
The Canadian bank logged a 5.4% rise in its fiscal first-quarter
profit thanks in part to a lift in revenue and a solid period for
loan and deposit growth and its capital markets arm.
Univision Sells to Group Led by Ex-Viacom Executive for Less Than $10 Billion
The Spanish-language broadcaster agreed to sell a majority stake
to private-equity firm Searchlight Capital and a company founded by
former Viacom finance chief Wade Davis.
Thomson Reuters Names Former Nielsen Executive as CEO
Steve Hasker will succeed Jim Smith, who will become the
chairman of Thomson Reuters Foundation, the media company's
charitable arm.
Walmart to Combine Online and Store Product-Buying Teams
The retailer is merging two of its buying groups in an effort to
reduce internal conflict and boost profits at its e-commerce
business, whose sales are on track to approach $50 billion this
year.
Home Depot's Quarterly Profit Rises
The home-improvement retailer posted net income of $2.48 billion
as same-store sales rose 5.2%.
Macy's: Coronavirus Slows Tourist Spending, Chinese Suppliers
The chief executive said the retailer is seeing a slight
slowdown in sales as a result of the coronavirus, but it was too
soon to know how significant an impact the disease would have on
consumers or suppliers.
(END) Dow Jones Newswires
February 25, 2020 13:00 ET (18:00 GMT)
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