News Highlights: Top Company News of the Day
23 January 2020 - 02:30PM
Dow Jones News
American Airlines Profit, Sales Rise
The carrier reported higher profit and sales for the fourth
quarter as its fleet of Boeing's 737 MAX planes has remained
grounded since March 2019.
Procter & Gamble Sales Short Of Expectations for Latest Quarter
Procter & Gamble reported stronger sales for its latest
quarter, but Wall Street analysts expected the consumer-products
giant to deliver more.
Comcast's Earnings Rise 26%, Lifted by Broadband Growth
The cable giant's net profit climbed in the fourth quarter, once
again riding on the back of internet subscriber growth amid
continued pay-TV customer losses.
Travelers Catastrophe Losses Fall, Profit Rises
The insurer, one of the first big property-casualty insurers to
report quarterly earnings, posted a higher fourth-quarter
profit.
Facing Pushback From Allies, U.S. Set for Broader Huawei Effort
The U.S. is preparing for a longer and broader campaign to
banish Huawei Technologies from next-generation 5G cellular
networks around the world, as Washington faces resistance on the
front line of its lobbying campaign.
Intel's Chip Shortage, Competition in Focus: What to Watch
Intel is expected to report fiscal fourth-quarter earnings after
the market closes. The results come as the chip maker tries to
resolve supply shortages and protect its dominant market
position.
Coming Soon to Tinder: Panic Buttons and Safety Check-Ins
Tinder, the popular dating app, plans to start offering users an
option to hit a panic button, receive check-ins to make sure they
feel safe, and even summon authorities to their location.
Fairway Files For Chapter 11, Proposing Sale to Village Super Market
Fairway Markets, the iconic New York City grocery chain, filed
for bankruptcy protection with a proposal to sell its Manhattan
stores to the Village Super Market Inc., a member of the Wakefern
Food Corp. cooperative.
ACS, Hochtief Shares Fall on Australian Unit Writedown
Shares in Spain's ACS and its subsidiary Hochtief fell sharply
after Australian contractor CIMIC--majority-owned bu Hochtief--said
it would exit the Middle East and book a writedown of A$1.8 billion
in its 2019 results.
Galp, ACS Tie-Up Solar Energy Deal
Portugal's Galp will buy solar energy projects from Spain's ACS,
spending EUR2.2 billion through until 2023, and making Galp the
main solar-power producer in Iberia.
(END) Dow Jones Newswires
January 23, 2020 09:15 ET (14:15 GMT)
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