News Highlights: Top Company News of the Day
CBS, Viacom Strike Deal for Long-Thwarted Merger
CBS and Viacom agreed to merge in a deal that would reunite
mogul Sumner Redstone's media empire in the hopes of creating a
more formidable competitor to the entertainment industry's
Peabody Energy Wins Appeal Over Bankruptcy Exit Plan
A federal appeals court has ruled in favor of Peabody Energy in
a dispute with hedge funds that sought a bigger slice of the coal
mining company when it emerged from chapter 11 bankruptcy in
Boeing Plane Deliveries Tumble So Far in 2019
Boeing said it delivered 38% fewer planes in the first seven
months of 2019 than a year ago-falling further behind rival
Airbus-as the impact of grounding the 737 MAX jetliner weighs on
the U.S. plane maker.
RealReal's Revenue Soars as Its Loss Widens
The San Francisco-based company reported total revenue for the
second quarter jumped 51% from a year earlier to $71 million.
Brinker Bets Delivery Will Drive Sales Growth
Executives at the parent company of Chili's Grill & Bar said
its recently introduced delivery program, through DoorDash, is
showing good results.
Ross Stores Promotes Executives, Including CFO
The discount department chain on Tuesday promoted four of its
executives, including finance chief Michael Hartshorn to group
president and operating chief, effective Aug. 16.
Candy Retailer Lolli & Pops Files for Bankruptcy
The shopping mall-focused purveyor of such sweets as
strawberry-champagne bark, blue-raspberry cotton candy and
cookies-and-creme crispycakes sought protection from creditors
Monday in U.S. Bankruptcy Court in Wilmington, Del.
How Tariffs Can Still Bite Apple
The tariff delay will help this year's iPhone crop, but Wall
Street is far more focused on 5G devices next year.
Retail Stocks Rally as Tariffs Are Delayed
Shares of department stores, discount chains and even toy makers
rallied Tuesday after the U.S. said it would delay some tariffs
against China until Dec. 15.
JD.com Shares Surge on Higher Revenue
Chinese e-commerce site JD.com Inc. delivered higher revenue and
customer-base growth in the latest quarter despite concerns about
macroeconomic conditions and competition.
(END) Dow Jones Newswires
August 13, 2019 21:15 ET (01:15 GMT)
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