News Highlights: Top Company News of the Day
January 21 2020 - 8:30PM
Dow Jones News
SEC Decision on 4 p.m. Closing Trades Deals Blow to NYSE, Nasdaq
Regulators have loosened the New York Stock Exchange and
Nasdaq's grip on the 4 p.m. closing auctions that determine
end-of-day prices for thousands of stocks.
IBM Calls for 'Precision' Approach to Regulating AI
The company is calling for governments to take a "precision"
approach to regulating artificial intelligence, working with
businesses to come up with rules that avoid hampering
innovation.
Intel Names New Chairman
Intel has named Omar Ishrak as its new independent chairman
effective immediately, replacing Andy Bryant who stepped down from
his role at a board meeting earlier this month.
Snyk's Skyrocketing Valuation Reflects Growing Interest in Late-Stage Enterprise Businesses
The London-based startup raised $150 million in a Series C
funding round led by existing investor Stripes, the company said.
Its $1 billion-plus valuation is roughly double the amount tallied
when it raised its prior round in September, and 10 times more than
its valuation in a fundraising round about 18 months ago, the
company said.
CapitaLand Commercial Trust and CapitaLand Mall Trust Plan Merger
The merger will create Singapore's largest real-estate
investment trust with a market capitalization of 16.8 billion
Singapore dollars (US$12.45 billion).
Toyota Recalls 2.9 Million Vehicles in U.S.
Toyota Motor Corp. is recalling about 2.9 million vehicles in
the U.S. because of issues with an electronic control unit "from a
specific supplier" that could lead to incomplete or nondeployment
of air bags and/or seat belt pretensioners.
Netflix Subscriber Growth Falls Short in U.S., but Leaps Abroad
The streaming giant missed its forecast for U.S. subscriber
growth for the third straight quarter, but it added 8.3 million
subscribers abroad to blow through its expectations for overseas
expansion.
IBM Earnings Hint at Signs of Turnaround
IBM reported a slight increase in quarterly revenue, ending a
streak of falling sales and providing a first indication CEO Ginni
Rometty's roughly $33 billion acquisition of open-source software
giant Red Hat may help turn around Big Blue's fortunes.
Boeing Pushes Back Expected MAX Return
Boeing pushed back its timetable for regulators to clear the
return of the troubled 737 MAX for commercial service, saying it
doesn't expect approval until at least the middle of the year.
United Airlines Reports Stronger Profit, Revenue
United Airlines reported higher profit in the latest quarter on
stronger revenue and lower fuel costs, despite challenges from the
grounding of Boeing's 737 MAX.
(END) Dow Jones Newswires
January 21, 2020 21:15 ET (02:15 GMT)
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