News Highlights: Top Company News of the Day
Renault Swings to Loss, Cuts Dividend
Renault reported a surprise net loss of EUR141 million in 2019
and slashed its dividend, after its earnings were hit by increased
costs and weak global demand for cars.
AstraZeneca Profit Tumbles
AstraZeneca reported a 29% fall in core operating profit for the
fourth quarter, missing analysts' expectations, but guided for
growth this year depending on the impact of the coronavirus.
Credit Agricole Profit Jumps
Credit Agricole posted an above-forecast fourth-quarter net
profit of EUR1.66 billion, boosted by one-offs and revenue growth,
and said underlying profit rose by almost a quarter.
Vivendi Teases Universal Music IPO
Vivendi teased an initial public offering of its Universal Music
subsidiary, seeking to cash in on a resurgent music business.
Shell Aims to Enroll Thousands in Online Artificial-Intelligence Training
The oil company is expanding an online program that teaches its
employees artificial-intelligence skills, part of an effort to cut
costs, improve business processes and generate revenue.
U.S. Charges Chinese Tech Giant Huawei With Racketeering
Huawei Technologies and two of its U.S. subsidiaries were
charged with racketeering conspiracy and conspiracy to steal trade
secrets in a new federal indictment.
Yelp Hires New CFO Amid Pressure to Boost Performance
David Schwarzbach, a former eBay executive, joins the
online-review company from Optimizely.
Canada's Biggest Railroad to Shut Down Key Corridor Over Blockades
Business groups and organized labor called on the Canadian
government to intervene to stop the blockades, which involve
protesters acting in solidarity with west coast indigenous leaders
trying to stop construction of a natural-gas pipeline.
SEC Probes Raytheon Over Potentially Improper Payments
The U.S. Securities and Exchange Commission opened an inquiry
into whether defense contractor Raytheon Co. or its partners made
improper payments in the Middle East.
Nvidia Earnings Recover on Surging Gaming, Data Center Demand
Graphics chip-making giant Nvidia reported recovering earnings,
buttressed by strong gaming revenues and record sales to big data
centers that are using its hardware in artificial intelligence
(END) Dow Jones Newswires
February 14, 2020 03:15 ET (08:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.