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News Highlights: Top Company News of the Day

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11/08/2019 | 05:16am EST
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 as soon as this month, according to people familiar with the matter, reviving the planned offering even as the city's political climate remains unstable.

 
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."

 
News Corp Swings to Loss on Coupon-Business Charge, Currency Headwinds 
 

News Corp reported a net quarterly loss, driven by a substantial impairment charge at its in-store marketing and coupon business, as well as currency headwinds.

 
Justice Department Issues Civil Subpoenas to Auto Makers in California Emissions Pact Probe 
 

The Justice Department has issued civil subpoenas to four car makers that reached a tailpipe emissions deal with California this summer, according to people familiar with the matter.

 
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.

 
Richemont Profit Misses Hopes 
 

Richemont reported first-half earnings of EUR869 million, falling short of analysts' expectations, despite a 32% jump in sales at its online businesses.

 
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.

 
Madison Square Garden to Spin Off Entertainment Unit 
 

Madison Square Garden has approved a plan to spin off its concert-hosting and entertainment-venue operations as a separate public company from its sports business, which includes the New York Knicks and Rangers.

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING 0.20% 204.91 Delayed Quote.49.49%
ALLIANZ SE 0.66% 219.7 Delayed Quote.25.44%
COMPAGNIE FINANCIÈRE RICHEMONT SA 0.16% 75.3 Delayed Quote.19.33%
CRÉDIT AGRICOLE 1.01% 13.055 Real-time Quote.38.44%
HONDA MOTOR CO., LTD. 3.47% 3221 End-of-day quote.15.04%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, SA 13.15% 629.8 Delayed Quote.1.84%
NEWS CORPORATION -1.45% 13.59 Delayed Quote.19.74%
WALT DISNEY COMPANY (THE) -0.34% 146.38 Delayed Quote.33.50%
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