News Highlights: Top Company News of the Day
February 19 2019 - 3:30AM
Dow Jones News
BHP Holds Dividend Steady Despite Higher Profit
BHP Group reported an 87% rise in first-half net profit and
maintained its midyear payout as the company generated solid cash
flow from its mines and oil fields.
HSBC's 2018 Profit Misses Analysts' Expectations
HSBC's full-year profit fell short of analysts' expectations,
despite higher deposit revenue from Asia. The bank's Hong
Kong-listed shares fell more than 2%.
Navient Rejects $3.2 Billion Takeover Bid
Navient has received a buyout offer worth about $3.2 billion
from a pair of investors that the student-loan servicer rejected as
too low.
Honda to Shut Major U.K. Production Plant Amid Brexit Uncertainty
Japanese car-maker Honda Motor will shut a major production
plant in the U.K., the latest auto group to plan a pull back from
the U.K. as Brexit looms.
Key Investors Are Unhappy With SoftBank Fund
Two big outside investors in the Vision Fund, the $100 billion
tech-investment fund managed by SoftBank, are worried transfers of
stakes between SoftBank and the fund at high valuations could set
up future losses.
FAA Probes Southwest Airlines Over Baggage Weight Discrepancies
Federal air-safety regulators are investigating Southwest
Airlines for widespread failures to accurately track the combined
weight of checked bags loaded into each of its jets.
How Amazon Will Grow Without a New York HQ2
For Amazon, walking away from the New York HQ2 deal is unlikely
to either slow its ascent or stop its hiring there. Beyond its
Arlington, Va., HQ2, Amazon plans to boost hiring in 17 other
cities in the U.S. and Canada it considers technology
hubs-including New York.
Apple's Executive Shake-Up Readies Company for Life After iPhone
Apple is shaking up leadership and reordering priorities across
its services, artificial intelligence, hardware and retail
divisions as it works to reduce the company's reliance on iPhone
sales.
Europe's Pharmacies, Long Protected, Face Shake-Up
European apothecaries, a last bastion of the continent's
market-street past, are up against a fierce challenge from a
Belgian entrepreneur who doesn't follow their traditional rules
designed to cushion competition.
Discounts on SUVs Are Getting Bigger as Dealer Inventories Rise
Auto makers are pulling back on discounts on sedans and shifting
more promotional dollars to sport-utility vehicles and trucks.
(END) Dow Jones Newswires
February 19, 2019 03:15 ET (08:15 GMT)
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