News Highlights: Top Company News of the Day

Date : 11/08/2019 @ 2:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

JPMorgan Deal Shows Possible Path to Smaller Fannie and Freddie 
 

A move by JPMorgan to shed risk on some of its mortgage loans is stirring hope that the tactic could help reduce the government's role in the $11 trillion mortgage market.

 
Cartier's Owner Lacks Polish for a Tiffany Counterbid 
 

Tiffany &Co.'s board, currently sizing up a takeover approach from LVMH Moët Hennessy Louis Vuitton, can probably rule out a counterbid from the owner of the Cartier jewelry empire.

 
Alibaba Readies Up to $15 Billion Hong Kong Listing 
 

Alibaba is aiming to raise $10 billion to $15 billion in a second listing in Hong Kong this month, according to people familiar with the matter, reviving the planned offering even as the city's political climate remains unstable.

 
Square's Cleanup Still Leaves Questions 
 

Square is no longer in the food-delivery business. Now it must deliver more growth.

 
As WeWork Grew, Wall Street Lent It Money, Credibility 
 

Banks jockeying for a role in WeWork's public debut wooed founder Adam Neumann with sky-high valuations that would make him a billionaire many times over. Their loans to the company told a different story.

 
IAG Cuts Capacity Growth Forecasts 
 

British Airways parent IAG cuts its capacity growth forecasts for the next three years to 3.4% and cautioned that earnings will be negatively affected as a result.

 
Honda Motor Profit Fell 
 

Honda Motor's second-quarter net profit fell 6.7% from a year earlier due partly to slower sales in Asia.

 
Allianz Upbeat as Profit Edges Higher 
 

Allianz said it expects full-year operating profit to be in the upper half of its target range after the German insurer posted a slight rise in third-quarter net profit to EUR1.95 billion.

 
Credit Agricole Profit Beats Forecasts 
 

Credit Agricole posted an above-forecast third-quarter net profit of EUR1.2 billion on a 4.8% rise in revenue and said its core Tier 1 ratio edged higher.

 
Walt Disney Revenue Boosted by Summer Movies 
 

Walt Disney reported a 34% jump in revenue in the latest quarter, boosted by its studio division, which benefited from the box-office performance of "The Lion King," "Toy Story 4" and "Aladdin."

 
 

(END) Dow Jones Newswires

November 08, 2019 09:15 ET (14:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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