News Highlights: Top Company News of the Day
January 24 2020 - 6:30PM
Dow Jones News
Discover Shares Plunge on Worries About Troubled Borrowers
Shares in Discover Financial Services fell about 11% Friday
after analysts raised questions about troubled borrowers in its
credit-card portfolio.
Bayer's Latest Roundup Trial Postponed Amid Settlement Talks
The trial over allegations that Roundup causes cancer was
postponed indefinitely at the last minute to allow room for
escalating settlement talks to continue.
Facebook Loses Ruling on Data Protection
A German court ruled that some user terms set by Facebook
violated consumer-data protection law, as the EU's extensive
privacy rules continue to get hashed out.
Intel Cushions Its Capital Pain
Production arms race with TSMC grows more expensive, even as
data-center sales soar.
American Express Expects Earnings to Rise in 2020
Fourth-quarter profit beat Wall Street's expectations and the
credit-card company gave an optimistic earnings outlook for 2020.
Shares rose.
5G's Growing Costs Sting Swedish Telecom Giant Ericsson
Ericsson returned to profit in the fourth quarter but concerns
about higher costs associated with new fifth-generation mobile
networks and a slowdown in North America sent its shares down more
than 7%.
Rémy Cointreau Offers Investors a Dry Few Months
Rémy Cointreau has blamed a dismal end to 2019 on a series of
one-offs, and it won't be clear whether the problems go deeper
until the new boss lays out his strategy in June.
Deutsche Bank Appoints Former German Foreign Minister to Board
Deutsche Bank said that it has picked Sigmar Gabriel, a former
minister in German Chancellor Angela Merkel's government, to join
its board, after the appointment of another nominee fell
through.
Consumer Giants Are Struggling to Slim Down
The fastest way for consumer-product manufacturers to improve
sales growth-their No. 1 priority-is to unload unfashionable brands
that are dragging down their performance. So it is a puzzle why
they are selling so little.
Bayer Gains on Roundup-Settlement Report
Bayer shares were trading around 3% higher, buoyed by a report
that the German conglomerate could settle its weed killer legal
cases for around $10 billion.
(END) Dow Jones Newswires
January 24, 2020 19:15 ET (00:15 GMT)
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