News Highlights: Top Company News of the Day
24 January 2020 - 2:15PM
Dow Jones News
American Express Profit Falls, Revenue Increases
The credit-card company's fourth-quarter profit declined from a
year ago but its revenue increased.
5G's Growing Costs Sting Swedish Telecom Giant Ericsson
Ericsson returned to profit in the fourth quarter but concerns
about higher costs associated with new fifth-generation mobile
networks and a slowdown in North America sent its shares down more
than 7%.
Deutsche Bank Appoints Former German Foreign Minister to Board
Deutsche Bank said that it has picked Sigmar Gabriel, a former
minister in German Chancellor Angela Merkel's government, to join
its board, after the appointment of another nominee fell
through.
Consumer Giants Are Struggling to Slim Down
The fastest way for consumer-product manufacturers to improve
sales growth-their No. 1 priority-is to unload unfashionable brands
that are dragging down their performance. So it is a puzzle why
they are selling so little.
Bayer Gains on Roundup-Settlement Report
Bayer shares were trading around 3% higher, buoyed by a report
that the German conglomerate could settle its weed killer legal
cases for around $10 billion.
U.S. Moves to Curb E-Commerce Counterfeiting
The Trump administration is warning online sellers and warehouse
operators they will face greater scrutiny and penalties if they
don't help stem the rising tide of fakes sold on the internet.
Uber Braces for Clash With EU Cities on Scooter Data
Uber said several European cities have told the company they
want it to share data about usage of its electric scooters and
bicycles, setting up potential privacy disputes similar to the one
between Uber and Los Angeles.
No, Tesla Isn't Bigger Than Volkswagen
But its stock price reflects that unlike the industry leader or
GM, Elon Musk's car maker has little to lose in the journey to a
greener future.
New Warehouse Supply Projected to Exceed Demand Over Next Two Years
Developers are expected to deliver about 301 million square feet
of new warehouse space in the U.S., Canada and Mexico this year,
while tenants will lease about 242 million square feet, according
to a new report from Cushman & Wakefield PLC.
Ericsson Slumps Amid Higher Costs
UPDATED: Ericsson shares fell as much as 8.2% in early trade
after the company's fourth-quarter earnings were weighed by higher
costs.
(END) Dow Jones Newswires
January 24, 2020 09:00 ET (14:00 GMT)
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