News Highlights: Top Company News of the Day
28 February 2020 - 12:15PM
Dow Jones News
Huawei Seeks Advisers for U.S. Image Makeover
Under fire from the Trump administration, China's Huawei
Technologies has approached high-profile figures in Washington to
try to turn around negative perceptions of the company.
BASF Warns of Coronavirus Impact
BASF said net profit fell to EUR150 million for the fourth
quarter while sales also declined and it warned of the negative
effects of the coronavirus for the current year.
LSE Revenue Meets Views
LSE said that revenue climbed to GBP2.06 billion in 2019,
matching analysts' expectations, but pretax profit fell on higher
costs.
UBS CEO Sees Pay Cut After Bank Misses Key Targets
UBS outgoing Chief Executive Sergio Ermotti received a pay cut
last year after the bank cut its midterm targets and was slapped
with a hefty fine related to a French tax-evasion case
IAG, EasyJet Warn on Coronavirus Hit to European Demand
British Airways-owner International Consolidated Airlines and
budget carrier EasyJet warned the spreading coronavirus epidemic
was hurting customer demand and forcing them to cut routes and
abandon profit guidance for the year.
Baidu Warns of Revenue Drop, Signaling Trouble for China's Private Sector
Chinese search-engine giant Baidu warned its first-quarter
revenue could drop 5% to 13% as the coronavirus epidemic wallops
many of the sectors that fuel its bread-and-butter advertising
business.
Got a Birkin Bag to Sell? That's a Problem for Hermès
Birkin and Kelly handbags are more expensive to buy secondhand
than new, making it hard for the French luxury brand to take
control of the growing resale market
FCC Probe Finds Mobile Carriers Didn't Safeguard Location Data
The FCC is seeking hundreds of millions of dollars in fines from
top carriers that it found failed to safeguard information about
customers' real-time locations, according to people familiar with
the matter.
Cisco Plans New Round of Layoffs
The networking-equipment maker faces the prospect of slowing
sales growth because of global economic uncertainty.
Mexico's Pemex Logs Big Fourth-Quarter Loss
The state-owned oil company lost $9 billion as it worked to
stabilize its oil production and raise refining output.
(END) Dow Jones Newswires
February 28, 2020 07:00 ET (12:00 GMT)
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