News Highlights: Top Company News of the Day
03 March 2020 - 8:30AM
Dow Jones News
Beiersdorf Warns of Flat Growth
Beiersdorf reported a slight fall in 2019 underlying earnings to
EUR1.11 billion, and warned of flat profit and sales growth this
year before the potential effects of the coronavirus.
U.S. Airlines Face Test as Epidemic Spreads
Carriers have spent the past decade retooling their businesses
to better protect against economic shocks. The coronavirus crisis
rippling around the world is putting those efforts to the test.
Novartis Unit to Pay $195 Million in Generic-Drug Price-Fixing Case
Sandoz, a subsidiary of Novartis, will pay a $195 million
criminal penalty for fixing prices on generic drugs, the Justice
Department said.
Apple to Settle Class-Action Suit Over Slowed-Down iPhones
Apple has agreed to pay as much as $500 million to settle a
class-action lawsuit that claims the company slowed down the
performance of older iPhones to spur customers to buy new ones.
Twitter Chief Needs to Pick a Perch
Jack Dorsey's split role is a ripe target at a challenging time
for social networks.
Waymo Raises $2.25 Billion After Courting Outside Investors for First Time
Waymo has raised $2.25 billion to fuel its driverless-car
enterprise, the first time it has taken outside money since Google
began to develop the technology more than 11 years ago.
Xerox Moves to Buy All of HP's Shares
The public takeover bid follows moves by HP to resist a deal
that the printer and computer company says undervalues its
business.
Point72's Head Quant Is Leaving the Firm
The head of billionaire Steven A. Cohen's quantitative-trading
effort is leaving, a possible sign of the challenges traditional
investors are facing as they move to embrace quant strategies.
Herbalife Sets Aside $40 Million for Bribery Settlement
Herbalife Nutrition has set aside $40 million to resolve foreign
bribery probes centered on its business in China.
Amtrak Hires Atlas Air CEO to Run National Passenger Railroad
Amtrak CEO Richard Anderson is stepping down after three years
and will be replaced by the former CEO of Atlas Air Worldwide,
which leases passenger charters and cargo aircraft, the railroad
said.
(END) Dow Jones Newswires
March 03, 2020 03:15 ET (08:15 GMT)
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