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News Highlights: Top Company News of the Day

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01/13/2020 | 05:56am EST
Ford Signals More China Trouble on the Road Ahead 

Ford's China sales fell for the third year in a row in 2019, dropping to less than half of what it sold at its zenith in 2016, and the company said the situation for the broader market is likely to get worse in 2020.

Aerospace Suppliers Woodward and Hexcel to Merge 

Woodward and Hexcel executives said the planned merger was a response to the rising tide of climate-change pressures facing the industry.

Exxon Considers Sale of Oil Assets in Equatorial Guinea 

Exxon Mobil is in talks to sell its oil assets in Equatorial Guinea, the country's oil minister said, and might be replaced by a Russian company.

Aramco Adds to Record IPO 

Saudi Aramco said it netted an additional $3.8 billion from its record initial public offering as it sold more shares to meet investor demand, boosting Crown Prince Mohammed bin Salman's war chest to reshape the country's oil-dependent economy.

Bristol's Merger With Celgene Is Already Paying Dividends, CEO Says 

Bristol-Myers Squibb needs its recently completed $74 billion merger with Celgene to pay off quickly-and says it plans to launch six new drugs in the next two years.

Awards Bump Powers '1917' to Box-Office Gains 

After nabbing best-picture honors at the Golden Globes awards, World War I action-drama "1917" opened strong enough to dethrone the latest Star Wars movie, which had ruled atop the box office for three consecutive weeks.

Geneticists Call on Myriad to Share Proprietary Data to Aid Gene Tests 

A leading medical society is calling on Myriad Genetics and other lab companies to share proprietary genetic testing data in a public database.

Wirecard Chairman Steps Down From Embattled Payments Giant 

Wirecard's chairman, Wulf Matthias, quit his role, effective immediately, at the under-fire German payments group-a move the company said was aimed at improving its corporate governance.

Wells Fargo Struggles With Aging Systems 

Banking giant Wells Fargo, known for its stagecoach logo, has struggled with modern technology, hampering important businesses and making it harder to satisfy regulators' demands.

Inside Google's Quest for Millions of Medical Records 

The tech giant has been pushing into health care, striking deals that grant it access to troves of patient data. The challenge: convincing the public and potential partners that it can be trusted with our most personal information.

Stocks mentioned in the article
ChangeLast1st jan.
CELGENE 0.10% 108.24 Delayed Quote.68.89%
EXXON MOBIL CORPORATION -1.22% 59.13 Delayed Quote.-15.26%
HEXCEL CORPORATION -0.60% 75.84 Delayed Quote.3.45%
LONDON BRENT OIL -2.52% 56.94 Delayed Quote.-10.42%
STAGECOACH 0.71% 141.5 Delayed Quote.-11.56%
WELLS FARGO & COMPANY 0.76% 47.7 Delayed Quote.-12.01%
WIRECARD AG -1.26% 133.7 Delayed Quote.24.37%
WOODWARD, INC. -0.76% 120.16 Delayed Quote.1.45%
WTI -2.33% 52.1 Delayed Quote.-12.39%
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