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News Highlights: Top Company News of the Day

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11/12/2019 | 09:16am EST
CBS Reports Lower Profit on Merger-Related Costs 

CBS said profit fell about 35% in the third quarter, in part because the entertainment and media company faced higher costs related to its planned merger with Viacom.

Dean Foods Files for Chapter 11 Bankruptcy 

Dean Foods, whose brands include Lands O' Lakes, said it filed for chapter 11 bankruptcy and is in advanced talks to sell itself to Dairy Farmers of America, the nation's largest dairy cooperative.

Tyson Posts Weaker Profit After Fire at Beef Plant 

Tyson Foods said profit fell by almost one-third in its latest quarter, in part because a fire forced it to temporarily close a major beef-processing plant.

Nissan Slashes Forecasts as Sales and Profit Fall on Weak Demand 

The results showed the auto maker struggling to overhaul its business, hurt both by a downturn in the global auto industry and turmoil within the company in the year since the arrest of former Chairman Carlos Ghosn.

Juul to Cut Roughly 650 Jobs, or 16% of Workers 

The embattled e-cigarette maker also plans to cut $1 billion in spending next year as it braces for a hit in sales after voluntarily stopping the sale of its most popular flavor in the U.S.

Zillow, Opendoor Pay Close to Market Value for Homes, Study Says 

Companies using technology to make rapid cash offers to home sellers are typically paying their customers close to market value, a new study found.

Financial Times Appoints First Female Editor 

The U.K.'s Financial Times newspaper appointed its first woman editor in its 130-year history in the publication's first change of editorial leadership since 2005.

Google Amasses Medical Records of Millions of People 

Google is teaming with one of the country's largest health-care systems on an ambitious project named "Project Nightingale" to collect and crunch detailed health information of millions of Americans across 21 states.

Vodafone Ups Profit Guidance 

Vodafone raised its earnings forecasts for 2020, benefiting from the acquisition of Liberty Global assets in Europe and the sale of its New Zealand operations.

Anglo American Sees Mixed Output Forecasts 

Anglo American raised production guidance for its Minas Rio iron-ore operation in Brazil, but cut forecasts for its Kumba iron-ore project in South Africa and metallurgical coal output for the next two years.

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -0.12% 1346.87 Delayed Quote.28.89%
ANGLO AMERICAN PLC -1.11% 2134 Delayed Quote.22.10%
DEAN FOODS COMPANY -4.69% 0.061 Delayed Quote.-98.40%
EURO / BRAZILIAN REAL (EUR/BRL) -0.09% 4.5688 Delayed Quote.3.14%
KUMBA IRON ORE LIMITED -0.66% 416.19 End-of-day quote.52.13%
LIBERTY GLOBAL PLC 1.85% 22.03 Delayed Quote.3.23%
MITSUBISHI MOTORS CORPORATION 3.63% 485 End-of-day quote.-15.21%
NISSAN MOTOR CO., LTD. 1.93% 681 End-of-day quote.-20.45%
RENAULT 0.40% 42.46 Real-time Quote.-22.16%
TYSON FOODS 0.53% 87.97 Delayed Quote.64.74%
UNITED PARCEL SERVICE 1.43% 118.62 Delayed Quote.21.62%
VIACOM INC. 3.20% 24.22 Delayed Quote.-5.76%
VODAFONE GROUP PLC 1.32% 146.24 Delayed Quote.-4.36%
ZILLOW GROUP, INC. -0.36% 41.81 Delayed Quote.33.03%
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