News Highlights: Top Company News of the Day
February 27 2020 - 03:30PM
Dow Jones News
Boeing Reaches Deal With 737 MAX Engine Suppliers
Boeing has agreed to cover payments for jet engines made for its
grounded 737 MAX, easing the burden of the production delay on
supplier GE.
U.S. Auto Makers Start Flying in Parts as Virus Threatens Supply Chain
Auto parts shortages on everything from electronics to brake
pads could soon hit North American vehicle factories due to the
coronavirus outbreak.
FCC Probe Finds Mobile Carriers Didn't Safeguard Location Data
The Federal Communications Commission is seeking hundreds of
millions of dollars in fines from top carriers that it found failed
to safeguard information about customers' real-time locations,
according to people familiar with the matter.
Makers of Wipes and Hand Sanitizers Step Up Production as Coronavirus Spreads
Makers of household cleaning products from Purell hand sanitizer
to Lysol wipes are boosting production as they brace for a surge in
demand due to the spread of coronavirus.
Thyssenkrupp to Sell Elevator Unit in $18 Billion Private-Equity Deal
Thyssenkrupp said it would sell its lucrative elevators business
to a group led by Advent International and Cinven Ltd. for $18.9
billion, in one of Europe's largest private-equity deals.
WPP Shares Plunge on Ad Giant's Gloomy Outlook
Shares of WPP PLC plunged to their lowest level in almost a
decade after the world's largest advertising company said sales
would be flat for 2020, adding more pressure on Chief Executive
Mark Read.
Saks Owner to Go Private After Shareholders Approve Bid
Shareholders voted to approve an offer to take the company
private, agreeing to sell their stock to investors including
Hudson's Bay Executive Chairman Richard Baker.
Psychedelics-Drug Startup Raises $24 Million Ahead of IPO
Mind Medicine Inc., maker of an experimental
psychedelics-derived drug therapy backed by Shark Tank's Kevin
O'Leary, closed a $24.2 million funding round ahead of plans to go
public next week.
Best Buy Posts Strong Holiday Sales
Comparable sales increased 3.2% during the quarter ended Feb. 1,
marking 12 consecutive quarters of sales growth. In the U.S.,
online sales grew nearly 19% due to high average order values and
more shoppers buying online.
DoorDash Files for IPO
The move sets up DoorDash to go public as soon as this spring,
in what could be one of the first marquee IPOs of the year.
(END) Dow Jones Newswires
February 27, 2020 15:15 ET (20:15 GMT)
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