News Highlights: Top Company News of the Day
01 February 2020 - 3:15AM
Dow Jones News
ViacomCBS Names Cheeks to Succeed Ianniello as CBS Chief
George Cheeks succeeds Joe Ianniello, chairman and CEO of CBS,
who will be leaving the company.
Amazon's Value Tops $1 Trillion Following Strong Holiday Quarter
Amazon is poised to become the fourth U.S. company to close at a
value of $1 trillion after besting retail rivals in the crucial
holiday period and signing up a wave of new customers to its Prime
service.
Exxon's Growth Gambit Failing to Yield Higher Profits
The energy giant is still struggling to bolster its bottom line,
nearly two years into a plan to substantially boost oil and gas
production by spending more than rivals.
Nike Vaporfly Shoes Won't Be Banned From Olympics
The current version of Nike's controversial high-tech Vaporfly
sneakers won't be banned in elite competition, a decision that will
fuel further debate about the shoe's perceived competitive
advantage ahead of this summer's Tokyo Olympics
IBM Doubles Down on Cloud Bet With New Leadership Team
Arvind Krishna, the 30-year IBM veteran tapped to be just the
10th CEO in the company's 108-year history, takes over a company
that has been in transition for almost all of his predecessor's
eight years on the job.
Caterpillar Drives Down Expectations for 2020
The machinery maker said global uncertainty crimped sales in the
latest quarter as companies held off on big purchases. It expects
demand for its equipment to fall this year.
Honeywell Profit Falls With Sales Decline
Honeywell said its profit dropped in the fourth quarter as sales
fell at the slimmed-down company.
Tech Sector Fears Supply Delays as Effects of Virus Ripple Through China
Tech companies face disruptions to their supply chains in China
including prolonged factory closures and labor shortages, as the
deadly coronavirus outbreak threatens China's vast manufacturing
network.
KKR Swings to Profit
The private-equity firm reported a profit in the fourth quarter,
compared with a net loss a year ago.
Airbus Bribery Charges Unveiled After $4 Billion Settlement
Airbus, the world's largest plane maker, made illicit payments
to intermediaries to win contracts around the globe, according to
allegations disclosed by a French judge as part of the company's
EUR3.6 billion settlement with U.S., UK and French prosecutors.
(END) Dow Jones Newswires
January 31, 2020 11:00 ET (16:00 GMT)
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