News Highlights: Top Company News of the Day
January 22 2020 - 7:15AM
Dow Jones News
New Diesel Charge Hits Daimler Profits
Mercedes-Benz owner Daimler reported a near 50% drop in earnings
last year and warned that it would take up to $1.7 billion in
additional charges, further impairing profits, in the wake of
investigations into allegations that it cheated on diesel
emissions.
CBS Bets Big on 'Star Trek: Picard' to Boost Streaming
As the overseer of the "Star Trek" properties, Alex Kurtzman is
charged with updating the space drama for a new generation without
alienating its hard-core fans. But there's much more at stake as
ViacomCBS counts on the franchise to bolster its streaming
service.
GM's Cruise Reveals New Robot Taxi: Toaster-Shaped, No Steering Wheel
General Motors' autonomous car unit, Cruise, revealed a
toaster-shaped robot taxi that it says will be cheaper than taking
a human-driven ride-hailing service or driving a car.
ASML Plans Buyback as Profits Jump
ASML launched a share-buyback program of up to EUR6 billion as
it reported a jump in fourth-quarter net profit to EUR1.13 billion,
and forecast further strong growth in 2020.
Hyundai Motor Swung to Profit in 4th Quarter
Hyundai Motor Co. returned to profit in the fourth quarter
thanks to robust growth in sales of its more profitable
sport-utility vehicles.
Money Managers Venture Into Risky World of Trade Finance
Money managers including Allianz and American International
Group have found a window of opportunity to enter a business that
has long been the domain of banks.
Investment in U.K. Biotech Tumbles
New data made public by an industry body showed that investment
in the U.K.'s life-science sector fell 39% in 2019, although the
trend was replicated across markets, with the U.S. and Europe also
showing flat or reduced investment.
Xerox to Nominate as Many as 11 Directors to HP Board
Xerox is preparing to nominate as many as 11 directors to HP's
board in an aggressive move to push a $33 billion unsolicited
takeover bid for the maker of computers and printers.
Netflix Subscriber Growth Falls Short in U.S., but Leaps Abroad
The streaming giant missed its forecast for U.S. subscriber
growth for the third straight quarter, but it added 8.3 million
subscribers abroad to blow through its expectations for overseas
expansion.
Boeing Delays Expected MAX Return
Boeing pushed back its timetable for regulators to clear the
return of the troubled 737 MAX for commercial service, saying it
doesn't expect approval until at least the middle of the year.
(END) Dow Jones Newswires
January 22, 2020 07:00 ET (12:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.