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News Highlights: Top Company News of the Day

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11/21/2019 | 07:16am EST
Kroger Dials Back Overhaul as Sales Sputter 

Kroger is turning back to the basics of selling groceries after trying to sell too many new products and renovate too many stores at once.

Thyssenkrupp Losses Widen as New CEO Pushes Unit Sale 

Thyssenkrupp, the German industrial icon fighting for survival amid a manufacturing slump, said it would scrap its dividend and accelerate efforts to sell its most profitable division as losses widened.

BMW Increases Battery Cell Order Volume 

BMW is increasing its order volumes with Chinese battery cell supplier Contemporary Amperex to EUR7.3 billion, in a move aimed at securing the car maker's long-term supply for its e-mobility strategy.

This Chinese Tech Star Needs to Learn From WeWork 

Nasdaq-listed e-commerce stock Pinduoduo has been racking up mounting losses in its quest for growth.

Sonos Finds Its Voice 

Sonos's acquisition of French company Snips is an interesting shift for the speaker maker, which seeks to thrive outside the voice-platform ecosystems created by Amazon and Google.

PayPal to Buy Honey Science for $4 Billion 

PayPal has reached a roughly $4 billion deal to buy shopping and rewards platform Honey Science, as it pushes to gain a bigger role in consumers' shopping habits.

General Motors Files Racketeering Lawsuit Against Fiat Chrysler 

General Motors filed a federal racketeering lawsuit against Fiat Chrysler Automobiles and a handful of former executives at the Italian-American auto maker.

Google to Restrict Political Ad Targeting on Its Platforms 

Under the new policy, political ads can only be targeted based on users' age, gender and postal code.

Trump Blames Beijing for Lagging Trade Talks 

President Trump criticized China's efforts to reach a deal during a visit to an Apple plant, where he sought to promote economic growth against the backdrop of a continuing trade war and the intensifying impeachment probe.

U.S. Grants Some Exceptions to Huawei Blacklist 

The Trump administration has allowed some U.S. suppliers to Huawei to resume shipping to the Chinese telecom giant, easing export restrictions while negotiators struggle to work out the first phase of a trade deal.

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET 0.09% 1344.1 Delayed Quote.28.51%
APPLE INC. 0.69% 270.4348 Delayed Quote.69.22%
BMW AG 1.38% 74.21 Delayed Quote.3.54%
FIAT CHRYSLER AUTOMOBILES -1.53% 12.876 End-of-day quote.3.11%
GENERAL MOTORS COMPANY 0.37% 35.25 Delayed Quote.4.96%
KROGER 0.43% 28.015 Delayed Quote.1.24%
NASDAQ COMP. 0.37% 8649.342606 Delayed Quote.30.46%
PAYPAL HOLDINGS 1.70% 105.47 Delayed Quote.23.23%
PINDUODUO INC. -2.07% 37.34 Delayed Quote.69.92%
QUEST CO., LTD. 0.44% 1145 End-of-day quote.20.78%
QUEST FOR GROWTH 0.35% 5.8 Delayed Quote.-3.99%
STAR 2.98% 138.79 End-of-day quote.1.38%
THYSSENKRUPP AG 0.31% 11.395 Delayed Quote.-24.17%
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