News Highlights: Top Company News of the Day

Date : 13/08/2019 @ 21:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Peabody Energy Wins Appeal Over Bankruptcy Exit Plan 

A federal appeals court has ruled in favor of Peabody Energy in a dispute with hedge funds that sought a bigger slice of the coal mining company when it emerged from chapter 11 bankruptcy in 2017.

Brinker Bets Delivery Will Drive Sales Growth 

Executives at the parent company of Chili's Grill & Bar said its recently introduced delivery program, through DoorDash, is showing good results.

CBS, Viacom Strike Deal for Long-Thwarted Merger 

CBS and Viacom agreed to merge in a deal that would reunite mogul Sumner Redstone's media empire in the hopes of creating a more formidable competitor to the entertainment industry's giants.

How Tariffs Can Still Bite Apple 

The tariff delay will help this year's iPhone crop, but Wall Street is far more focused on 5G devices next year.

Boeing Plane Deliveries Tumble So Far in 2019 

Boeing said it delivered 38% fewer planes in the first seven months of 2019 than a year ago-falling further behind rival Airbus-as the impact of grounding the 737 MAX jetliner weighs on the U.S. plane maker.

Retail Stocks Rally as Tariffs Are Delayed 

Shares of department stores, discount chains and even toy makers rallied Tuesday after the U.S. said it would delay some tariffs against China until Dec. 15. Shares Surge on Higher Revenue 

Chinese e-commerce site Inc. delivered higher revenue and customer-base growth in the latest quarter despite concerns about macroeconomic conditions and competition.

Foxconn Profit Fell 2.5% in Second Quarter 

Foxconn Technology's net profit fell as its biggest customer, Apple, continued to struggle with weak iPhone sales.

MarketAxess Breaks Into Treasury Trading With Acquisition 

MarketAxess Holdings, the dominant online corporate bond-trading marketplace, is expanding into the $16 trillion market for U.S. government bonds with the acquisition of LiquidityEdge.

Why Tencent Music Is Stuck With the Same Old Song 

China's largest online music company will struggle to change its tune. Buying a stake in Universal won't help Tencent solve one of its more-serious problems.


(END) Dow Jones Newswires

August 13, 2019 17:15 ET (21:15 GMT)

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