News Highlights: Top Company News of the Day

Date : 24/04/2019 @ 08:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Nissan Issues Second Profit Warning Amid Falling Sales 

Nissan Motor Co. issued its second profit warning for the year ended March 31 as it continues to struggle with falling sales, particularly in the U.S. and Europe.

Credit Suisse 1Q Beats Forecasts 

Credit Suisse kicked off the earnings season for big European banks reporting an increase in first-quarter net profit that beat expectations.

Novartis Ups Guidance as Sales Rise 

Novartis raised its 2019 core operating income growth guidance as sales continued to grow.

SAP Upbeat on Outlook on Cloud Growth 

Germany's SAP raised its growth outlook after it posted a 19% rise in first-quarter net profit on a strong cloud performance.

SoftBank to Invest in Wirecard 

SoftBank plans to invest about EUR900 million euros in Germany's Wirecard as part of a strategic partnership.

Sonder Poised to Become Airbnb's Billion-Dollar Competitor 

The operator of a rentals marketplace for travelers is close to completing an investment round that will value the company at about $1 billion, according to people familiar with the matter.

ARA Asset Plans Singapore IPO of U.S. Hotel Assets 

Warburg Pincus LLC-backed ARA Asset Management Ltd. will start taking orders from investors Wednesday for an initial public offering in Singapore of its U.S. hotel assets that could raise as much as $450 million, a person with knowledge of the deal said.

CBS Suspends CEO Search, Extends Ianniello as Acting Chief Until Year-End 

CBS said it suspended its search for a new chief executive, extending the employment of acting CEO Joe Ianniello through the end of the year.

Google Wins First FAA Approval for Regular Drone Delivery of Consumer Items 

Wing Aviation, a unit of Alphabet's Google, received the first U.S. authorization to operate a fleet of consumer delivery drones-a move that could jump-start various companies' commercial drone services nationwide.

EBay Lifts Guidance as Revenue, Number of Buyers Rise 

EBay raised its revenue and profit outlook after posting stronger-than-expected results in its first quarter, sending shares up 5% in after-hours trading.


(END) Dow Jones Newswires

April 24, 2019 03:15 ET (07:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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