News Highlights: Top Company News of the Day
May 13 2019 - 9:15AM
Dow Jones News
Toshiba's Board Move Will Give Foreigners a Greater Voice
Toshiba said it would put international investors on its board
including one with ties to a U.S. hedge fund that holds a Toshiba
stake, the latest sign of activist shareholders wielding their
clout in Japan.
Retail's Latest Challenge: Higher Trade Tariffs
Shares of retailers, buffeted by rising trade tensions in recent
sessions, face a key test this week when Macy's, Walmart and others
begin reporting quarterly earnings.
Amazon to Help Employees Start Their Own Delivery Business
Amazon.com would offer its employees an array of incentives to
help them get their own package-delivery business off the ground,
part of a bid to shore up its own delivery network independent of
big shipping companies.
Brother, Tesla Can't Spare a Dime
Elon Musk's electric-vehicle pioneer is running out of cash and
out of time, even after a recent capital increase.
No Reason for Netflix Investors to Chill
Netflix is leaning on credit markets to fund its ambitious and
costly content plans. Debt investors aren't particularly worried,
but perhaps they should be.
From H&M to Gucci, Fashion Companies Rethink Cashmere
The mass production of cashmere, once a luxury good, is fueling
ecological destruction that has fashion labels searching for new
sources of the fiber-or giving it up altogether.
EssilorLuxottica's Warring Sides Sign Deal
The two warring sides of EssilorLuxottica have broken a
months-long deadlock on a governance dispute and struck a peace
deal just a few days before the company's annual general meeting
takes place.
A Rival to Starbucks in China Brews Up a Frothy IPO
China's Luckin Coffee is preparing to join the Nasdaq, but the
listing could leave investors with a bitter aftertaste.
Centrica Faces Trading Headwinds
British Gas owner Centrica warned that its first half will be
hit by a challenging trading environment and that the U.K. energy
price cap, warmer than normal weather, and lower gas prices will
add pressure to its full-year outlook.
E.ON Earnings Fall on UK Price Cap
E.ON said its first quarter profit dropped to EUR393 million,
mainly due to the introduction of an energy price cap in the
U.K.
(END) Dow Jones Newswires
May 13, 2019 09:00 ET (13:00 GMT)
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