News Highlights: Top Company News of the Day
December 11 2019 - 6:30AM
Dow Jones News
Aramco Shares Rise 10% After World's Biggest IPO
Saudi Aramco shares jumped in Riyadh, quickly touching their
upward limit, as investors rushed to buy a piece of the world's
largest initial public offering.
Credit Suisse Cuts Profit Targets
Credit Suisse warned that its return on tangible equity, a key
measure of profitability, would be less than previously forecast
for 2019 and 2020, as the bank faces challenging market
conditions.
Inditex Backs Guidance as Profits Rise
Inditex reported a rise in net profit to EUR2.7 billion for the
first nine months of the fiscal year, and backed its full-year
forecast for sales growth.
ThaiBev Seeks to Raise Up to $1.47 Billion in Singapore IPO of Beer Business
Thai Beverage PCL, owned by one of Thailand's richest men is
seeking to raise up to $1.47 billion through an initial public
offering of its beer business in Singapore, people with knowledge
of the process said.
Lincoln Road and Peninsula Capital Expand Fire-Safety Business
Republic Fire Protection Inc., of Loganville, Ga., now backs
four fire-protection companies focused on the Southeast.
HSBC Swiss Unit to Pay $192 Million to Settle U.S. Tax Case
A Switzerland-based HSBC unit admitted to helping Americans
evade taxes over a decade and agreed to pay $192 million to settle
criminal charges.
Carlyle Group Widens Fertility Benefits for Employees
Carlyle Group is broadening coverage of fertility services and
infertility treatments for employees, including for singles or
same-sex partners, according to an internal employee memo.
Chevron, Facing Fossil Fuels Glut, Takes $10 Billion Charge
Chevron is writing down the value of its assets by more than $10
billion, a concession that in an age of abundant oil and gas some
of its holdings won't be profitable anytime soon.
Amazon Sees Need for Boosting Technical Skills of Its Workforce
When Amazon's top human-resources executive considers the skills
the retail giant might need in its workforce going forward, she has
a quick answer.
AutoZone Races Toward Record, Fueled by Strong Earnings
Shares of AutoZone surged Tuesday toward an all-time high after
the distributor of automotive replacement parts and accessories
reported higher-than-expected sales and profits.
(END) Dow Jones Newswires
December 11, 2019 07:15 ET (12:15 GMT)
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