News Highlights: Top Company News of the Day
21 February 2020 - 8:30AM
Dow Jones News
Allianz Posts Forecast-Beating Profit
Allianz posted an above-forecast rise in fourth-quarter net
profit to EUR1.86 billion and guided for an operating profit in
2020 of around EUR12 billion.
Pearson Profit Halves
Pearson posted a 6% rise in adjusted operating profit to GBP581
million in 2019, but said its pretax profit more than halved on
restructuring charges, weaker revenue and fewer gains on
disposals.
Sprint, T-Mobile Revise Merger Terms
Sprint and T-Mobile have agreed on new terms for their merger,
as the wireless carriers race to close the deal after overcoming a
federal court challenge.
New Mexico Sues Google Over Children's Data Privacy
The state filed a lawsuit accusing the internet giant of
knowingly spying on students and their families through its Google
Education platform, allegations that the company denies.
Vale Swings to a Loss After Impairment Charges on Mines
Brazilian iron-ore miner Vale SA posted a net loss in the fourth
quarter after taking impairment charges on a nickel mine in New
Caledonia and a coal mine in Mozambique.
Nvidia's Feast or Famine
The chip maker's data-center business roars back-at least until
the next 'digestion' phase.
Morgan Stanley to Buy E*Trade in Bid for Small Investors
The $13 billion takeover will combine a Wall Street firm in the
late innings of a decadelong turnaround with a discount broker
built on the backs of dot-com day traders. It is the biggest
takeover by a giant U.S. bank since the 2008 financial crisis.
Two Big Workplace-Software Providers to Merge
Workplace-software providers Ultimate Software and Kronos plan
to merge in an all-stock deal that would create a company worth
roughly $22 billion including debt.
ADP to Buy Stake in India's GMR
Aeroports de Paris has reached an agreement to buy a stake of up
to 49% in Indian airport group GMR for EUR1.36 billion.
Axis Bank Plans Strategic Partnership With Max Life
Axis Bank Ltd. has agreed to a strategic partnership with Max
Life Insurance Company which may see the bank raise its stake in
the insurer.
(END) Dow Jones Newswires
February 21, 2020 03:15 ET (08:15 GMT)
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