News Highlights: Top Company News of the Day
22 January 2019 - 9:30PM
Dow Jones News
UBS Swings to Profit But Misses Expectations
UBS posted a profit of $696 million in the fourth quarter but
the figure missed analysts' expectations.
Carlos Ghosn's Revised Bail Request Rejected by Tokyo Court
The Tokyo District Court again rejected the former Nissan
chairman's request for release on bail, despite his pledge to abide
by strict bail terms, including wearing an ankle bracelet.
Smartphone Giant Pivots From IPO to Buybacks Within Months
China's Xiaomi is buying back stock barely six months after
going public in Hong Kong.
United Airlines to Review 'Worst Travel Nightmare'
United Continental Holdings Inc. is reviewing an incident that
left 250 passengers stuck on an airplane on a small Canadian
airfield for about 12 hours last weekend.
Facebook's WhatsApp Fights Fake News by Curbing Message Forwarding
The app is limiting users' ability to forward messages across
the platform, after criticism it has been used to spread
misinformation and rumors, and sometimes has led to violence.
Apollo Nears Deal to Acquire U.K. Packaging Company RPC Group
Private-equity giant Apollo Global Management is in advanced
talks to acquire RPC Group, one of Europe's biggest packaging
companies, for more than $3.8 billion.
BHP Flags Productivity Hit, Copper Guidance Lift
BHP Group recorded weaker quarterly production of commodities
including iron ore and petroleum and forecast a first-half
productivity hit totaling $600 million because of disruptions to
operations including a train derailment.
Google Fined $57 Million in Biggest Penalty Yet Under New European Law
Google was fined $57 million by a French regulator-the biggest
penalty levied yet under a new European privacy law-alleging the
search-engine giant didn't go far enough to get valid user consent
to gather data for targeted advertising.
Under U.S. Pressure, Germany Bans Iranian Airline
Germany's government banned an Iranian airline from operating in
the country following U.S. allegations that its aircraft
transported weapons and fighters to war-torn Syria. U.S. officials
say the move against Mahan Air is a result of longstanding pressure
from the Trump administration.
Deciem Founder Brandon Truaxe Has Died
Deciem founder Brandon Truaxe, whose erratic behavior led to his
being stripped of his CEO role at the popular skin-care company,
died on Sunday.
(END) Dow Jones Newswires
January 22, 2019 05:15 ET (10:15 GMT)
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