News Highlights: Top Company News of the Day
24 February 2020 - 12:30PM
Dow Jones News
HSBC Keeps Net Open for New CEO
HSBC said it would continue looking for a new chief executive
while it considers permanently appointing interim CEO Noel Quinn,
after UniCredit boss Jean Pierre Mustier withdrew from talks about
the job.
Intuit Near Deal to Buy Credit Karma for $7 Billion
Intuit is near a deal to buy personal-finance portal Credit
Karma for about $7 billion in cash and stock, pushing the company
behind QuickBooks and TurboTax further into consumer finance,
people familiar with the matter said.
Boeing Offers More Support for 737 MAX Suppliers
Boeing is planning more financial and other support to its 737
MAX suppliers to prepare them to resume production of the
jetliner-and dissuade some from seeking more business from
Airbus.
Teck Pulls Oil Project, Blames Canada's Climate-Policy Uncertainty
A Canadian mining company shelved a proposed multibillion-dollar
energy project that the federal cabinet was days away from issuing
a verdict on, citing political uncertainty about oil-and-gas
development in the resource-rich country.
Google Plots Course to Overtake Cloud Rivals
The decision to cut jobs is the latest move in a yearlong effort
to shake up the cloud unit and put greater focus on delivering
growth to parent Alphabet.
PepsiCo to Buy Chinese Online Snack Company for $705 Million
PepsiCo has agreed to buy Be & Cheery, an online snack
company in China from Haoxiangni Health Food, for $705 million.
Tobacco Bosses Mix and Match Their Nicotine Hit
The number of cigarettes sold globally is in decline, but many
consumers are just getting their nicotine fix elsewhere.
Move Over, Elliott. Argentina's New Bond-Market Nemesis Is Fidelity.
Argentina's new adversary in the bond market is no highflying
hedge fund. It's Fidelity Investments.
Buffett's Berkshire Hathaway Stock Underperforms the Most Since 2009
Berkshire Hathaway's earnings surged last year due to unrealized
investment gains. Chairman Warren Buffett sought to reassure
investors about the conglomerate's long-term future following an
underwhelming year for the stock performance.
Vale Dam Report Faults Conflict of Interest, Compensation Structure
An independent report commissioned by Vale into last year's
deadly mine-dam failure found conflicts of interest between the
mining giant and its auditors, faulty information-sharing inside
the company and a compensation structure that prioritized financial
returns.
(END) Dow Jones Newswires
February 24, 2020 07:15 ET (12:15 GMT)
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