News Highlights: Top Company News of the Day
21 February 2020 - 11:30AM
Dow Jones News
Vale Swings to a Loss After Impairment Charges on Mines
Brazilian iron-ore miner Vale SA posted a net loss in the fourth
quarter after taking impairment charges on a nickel mine in New
Caledonia and a coal mine in Mozambique.
New Mexico Sues Google Over Children's Data Privacy
The state filed a lawsuit accusing the internet giant of
knowingly spying on students and their families through its Google
Education platform, allegations that the company denies.
Sprint, T-Mobile Revise Merger Terms
Sprint and T-Mobile have agreed on new terms for their merger,
as the wireless carriers race to close the deal after overcoming a
federal court challenge.
Morgan Stanley to Buy E*Trade in Bid for Small Investors
The $13 billion takeover will combine a Wall Street firm in the
late innings of a decadelong turnaround with a discount broker
built on the backs of dot-com day traders. It is the biggest
takeover by a giant U.S. bank since the 2008 financial crisis.
Two Big Workplace-Software Providers to Merge
Workplace-software providers Ultimate Software and Kronos plan
to merge in an all-stock deal that would create a company worth
roughly $22 billion including debt.
Goldman, JPMorgan Back New Exchange Taking on NYSE, Nasdaq
Members Exchange hopes to challenge the New York Stock Exchange
and Nasdaq by charging rock-bottom fees.
Nvidia's Feast or Famine
The chip maker's data-center business roars back-at least until
the next 'digestion' phase.
Anglo American Discloses All Mine Deaths in Industry Shift
Anglo American gave a full picture of fatalities related to its
operations, a major shift in an industry that typically undercounts
the number of deaths.
Shell Sees Coronavirus Eroding Chinese Natural Gas Demand
Royal Dutch Shell, the global leader in liquefied natural gas
sales, said coronavirus was hurting demand for the supercooled fuel
and prompting it to reschedule or locate new buyers for cargoes
previously allocated to Chinese buyers.
Embattled Swiss Asset Manager GAM Plans More Job Cuts
GAM Holding said it would slash jobs and streamline its
operations as part of a new cost-cutting strategy aimed at
stabilizing itself after nearly two years of turmoil.
(END) Dow Jones Newswires
February 20, 2020 19:15 ET (00:15 GMT)
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