News Highlights: Top Company News of the Day
January 23 2020 - 6:15AM
Dow Jones News
Facing Pushback From Allies, U.S. Set for Broader Huawei Effort
The U.S. is preparing for a longer and broader campaign to
banish Huawei Technologies from next-generation 5G cellular
networks around the world, as Washington faces resistance on the
front line of its lobbying campaign.
Intel's Chip Shortage, Competition in Focus: What to Watch
Intel is expected to report fiscal fourth-quarter earnings after
the market closes. The results come as the chip maker tries to
resolve supply shortages and protect its dominant market
position.
Coming Soon to Tinder: Panic Buttons and Safety Check-Ins
Tinder, the popular dating app, plans to start offering users an
option to hit a panic button, receive check-ins to make sure they
feel safe, and even summon authorities to their location.
ACS, Hochtief Shares Fall on Australian Unit Writedown
Shares in Spain's ACS and its subsidiary Hochtief fell sharply
after Australian contractor CIMIC--majority-owned bu Hochtief--said
it would exit the Middle East and book a writedown of A$1.8 billion
in its 2019 results.
Galp, ACS Tie-Up Solar Energy Deal
Portugal's Galp will buy solar energy projects from Spain's ACS,
spending EUR2.2 billion through until 2023, and making Galp the
main solar-power producer in Iberia.
STMicroelectronics Shares Rise As Revenue Beats Forecasts
UPDATED: Shares of STMicroelectronics jumped after its
fourth-quarter results beat expectations and the company issued
upbeat guidance for the year ahead.
Anglo American Output Rises
Anglo American said production rose 4% in the fourth quarter,
benefitting from a ramp-up in iron-ore production at its Minas-Rio
mine in Brazil.
PG&E Strikes Deal With Bondholders as Governor Blasts Bankruptcy Strategy
PG&E said it has reached a new deal with bondholders that
threatened opposition to its strategy for getting out of
bankruptcy, but friction continues with California Gov. Gavin
Newsom, who has threatened a state takeover of the troubled
utility.
Duff & Phelps Reunites With Former Owners Through $4.2 Billion Deal
Stone Point Capital and Further Global Capital Management's
agreement to acquire Duff & Phelps for $4.2 billion promises to
reconnect the valuation and advisory firm with two former
backers.
Virus Outbreak Fuels Volatility in Some Biotech Stocks
The deadly coronavirus outbreak is sparking big moves among
biotechnology stocks, a volatile sector where companies can
flourish or struggle depending on their progress in developing new
medical treatments.
(END) Dow Jones Newswires
January 23, 2020 07:00 ET (12:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.