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News Highlights: Top Company News of the Day

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12/05/2019 | 11:16pm EST
Google Management Shuffle Points to Retreat From Alphabet Experiment 
 

Sundar Pichai's appointment as CEO of Google parent Alphabet Inc. effectively shifts the focus back on the company's advertising profit machine and away from its "moonshots" and other potential new businesses.

 
Aramco Valued at $1.7 Trillion in World's Biggest IPO 
 

Saudi Aramco priced its initial public offering Thursday at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world's biggest-ever IPO.

 
Uber Report Details Sexual Assaults in U.S. Over Two Years 
 

Uber Technologies said it received 5,981 reports of sexual assault involving U.S. passengers or drivers during 2017 and 2018, underscoring the risk that has been a chief criticism of ride-hailing companies around the world.

 
Biogen Details Case for Controversial Alzheimer's Drug 
 

Biogen tried to make the case for why two aborted studies of its experimental Alzheimer's disease drug support its plan to seek approval from U.S. regulators, but skeptics said they remained unconvinced that the drug is effective.

 
Smith & Wesson Parent Sees Higher Gun Sales 
 

American Outdoor Brands, Inc., the parent of Smith & Wesson, provided more evidence that demand for guns was stabilizing, with full-year sales and profit guidance that topped analysts' expectations

 
Skin- and Hair-Care Products Lift Ulta Beauty's Sales 
 

Ulta Beauty posted higher sales in the latest quarter, driven by strength in the cosmetics company's skin-care and hair-care categories.

 
Twitter Sells Bonds at Low Rate 
 

Twitter sold its first-ever unsecured bonds on Thursday at a lower interest rate than initially expected, reflecting robust demand from investors drawn to the social-media company's ample cash flow.

 
Slack Gets Ahead of the News 
 

At least give Slack Technologies credit for not ignoring the elephant in the room. And Microsoft is an awfully big elephant.

 
Overtime, Gen Z Sports Oasis, Looks to Raise $40 Million 
 

Overtime initially won notice for posting high-school game highlights and other sports videos on social platforms such as Instagram, YouTube and TikTok but has since expanded to long-form original shows, merchandising and live events.

 
Tiffany Dragged Down by Weak U.S. Demand 
 

Tiffany reported flat quarterly sales as softness in the U.S. market offset growth in mainland China, highlighting the challenges LVMH faces once it takes over the famed American jeweler.

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET 0.04% 1484.69 Delayed Quote.10.81%
AMERICAN OUTDOOR BRANDS CORPORATION 0.55% 9.21 Delayed Quote.-0.75%
BIOGEN INC. -1.35% 284.21 Delayed Quote.-4.22%
LONDON BRENT OIL 0.16% 62.1 Delayed Quote.-2.27%
MICROSOFT CORPORATION 0.62% 166.72 Delayed Quote.5.72%
SLACK TECHNOLOGIES, INC. -4.16% 21.22 Delayed Quote.-5.61%
UBER TECHNOLOGIES, INC. 0.97% 37.4 Delayed Quote.25.76%
ULTA BEAUTY -0.63% 272.2 Delayed Quote.7.53%
WTI 0.07% 55.67 Delayed Quote.-5.00%
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