News Highlights: Top Company News of the Day
February 24 2020 - 7:30PM
Dow Jones News
Shake Shack's Customer Traffic Weakens
The hamburger chain struggled to draw in customers in its latest
quarter and warned sales growth might decline next year.
Drugmaker Ships First Experimental Coronavirus Vaccine for Human Tests
Moderna has shipped the first batch of the company's rapidly
developed coronavirus vaccine to researchers at the National
Institute of Allergy and Infectious Diseases.
HP to Buy Back $15 Billion in Stock to Battle Xerox Takeover Bid
HP pledged to buy $15 billion worth of stock, with at least $8
billion of that in the first year, to tackle a hostile takeover
from Xerox. HP also reported first-quarter results and raised
profit projections for the year.
Boeing Nominates Two New Board Directors
The aircraft maker is looking to add two outside directors with
safety and engineering experience amid scrutiny of the board's
oversight of the 737 MAX crisis.
Juul Pitches Locked E-Cigarette in Bid to Stay on U.S. Market
Juul Labs plans to present to federal regulators a new version
of its vaporizer designed to unlock only for users at least 21
years old as part of an application the controversial e-cigarette
maker must file to keep its products in the U.S. market.
Mallinckrodt Enters Creditor Talks Ahead of Potential Generics Bankruptcy
Mallinckrodt has begun confidential discussions with creditors
and is considering placing its U.S. generic-drug business into
bankruptcy to address coming debt maturities and liabilities
stemming from the opioid crisis, according to people familiar with
the matter.
Salesforce, Silver Lake Pump Money Into ServiceMax
The new $80 million investment is aimed at helping the software
company beef up product development.
Dine Looks to Slow Applebee's Closures
The restaurant company expects fewer Applebee's closures this
year and aims to open new locations in the years ahead despite
challenges for casual-dining chains.
Prudential Should Separate U.S., Asian Businesses, Third Point Says
Activist hedge-fund firm Third Point said such a move would
increase growth and drive value at the British insurer.
Investors Retreat From Oil Firms in Sign of Rising Skepticism
Major oil companies are working hard to articulate a vision for
their future, but the energy sector's poor performance shows that
many investors aren't buying it.
(END) Dow Jones Newswires
February 24, 2020 19:15 ET (00:15 GMT)
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