News Highlights: Top Company News of the Day
21 January 2020 - 9:15PM
Dow Jones News
The Investor Clash Behind Tesla's Surge Toward $100 Billion in Market Value
The rise in Tesla's stock has turbocharged a long-running war
over the proper value of the shares. This has split investors large
and small into warring camps-both sides digging in with fervor.
UBS Cuts Midterm Guidance
UBS cut its mid-term guidance after missing key targets for 2019
and despite reporting an above-forecast fourth-quarter net profit
of $722 million.
Huawei Executive's Extradition Hearing in Canada Begins
Lawyers for Huawei Technologies executive Meng Wanzhou argued in
a Canadian court against her extradition to the U.S., saying the
sanctions against Iran that she is accused of violating aren't
enforced in Canada.
Tencent Chairman Trims Stake, Raises Nearly $257.4 Million
Tencent Holdings Ltd. Chairman Pony Ma raised nearly $257.4
million by selling down his stake in the Chinese tech heavyweight
four days in a row last week, according to filings to the Hong Kong
stock exchange.
BHP's Iron Ore Output Lifts On Year, Guidance Unchanged
BHP Group Ltd. reported stronger quarterly production of iron
ore as it continued to capitalize on high prices for a commodity
that is its main profit driver.
BP Finance Chief to Step Down
BP said its chief financial officer Brian Gilvary will retire at
the end of June, and will be succeeded by Murray Auchincloss.
Hugo Boss Sales, Profits Rise
Hugo Boss said sales and operating profit rose in the fourth
quarter, buoyed by momentum in Europe and China.
Uber Sells Indian Food-Delivery Unit to Rival Zomato
Uber agreed to sell its Indian food-delivery unit to a local
rival, shedding a struggling business in a move that could steer
the ride-hailing company toward profitability.
BAE Systems to Buy Military GPS Business From United Technologies for $1.93 Billion
BAE Systems is doubling down on the U.S. defense market,
agreeing to buy a business that tracks everything from jet fighters
to tanks.
Embraer Ties New Turboprop Aircraft to Boeing Deal
Embraer will have to scrap plans to build the first all-new
turboprop aircraft in 30 years if its proposed joint venture with
Boeing fails to secure regulatory approval.
(END) Dow Jones Newswires
January 21, 2020 05:00 ET (10:00 GMT)
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