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News Highlights: Top Company News of the Day

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01/15/2020 | 01:16pm EST
Goldman Profit Falls as Bank Braces for 1MDB Fine 

The bank said profit fell 24% in the fourth quarter as it set aside more money toward an expected government settlement resolving its ties to a Malaysian investment fund.

Bank of America Earnings Slip Amid Lower Rates 

The second-largest U.S. bank by assets said fourth-quarter profit fell 4% as the bank struggled to adjust to falling interest rates.

Warner Bros., Universal Aim to Merge Faltering DVD Units 

Two of Hollywood's biggest studios are proposing to combine their North American home-entertainment operations, as a segment that was once key to the movie and TV businesses struggles.

UnitedHealth Group Reports Higher Revenue in Latest Quarter 

UnitedHealth Group said revenue rose 4.25% in the latest quarter as the number of people it served in Medicare Advantage and commercial benefits programs rose.

U.S. Bancorp's Profit Falls Under Strain of Interest-Rate Cuts 

U.S. Bancorp's fourth-quarter profit fell to its lowest level in more than two years, showing strain from three interest-rate cuts last year.

Target Says Holiday Sales Disappointed on Weak Toy Results 

Holiday sales were sluggish at Target, raising questions about the strength of the retailer's turnaround plans and the health of the U.S. consumer.

T-Mobile-Sprint Deal Concern Mounts on Wall Street 

Shares of Sprint are trading at a more than 40% discount to the value of T-Mobile's proposed all-stock deal. The companies are preparing to make final arguments in a court battle with states led by California and New York.

WGN America Enters Cable News Arena, Promising No Opinions 

Nexstar Media's cable channel plans a prime-time shift away from entertainment programming with a nightly three-hour news show.

Amazon's Bezos Pledges $1 Billion India Investment Amid Pushback 

During a visit to India, Jeff Bezos says the new money is meant to help more local businesses start selling on Amazon's marketplace, as Indian policy makers have been tightening restrictions on U.S. companies.

BlackRock's Assets Top $7 Trillion in Milestone for Investment Giant 

BlackRock assets surpassed $7 trillion for the first time, putting the spotlight on the world's largest money manager's growing reach.

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. 0.68% 2170.22 Delayed Quote.17.45%
BANK OF AMERICA CORPORATION 1.31% 34.72 Delayed Quote.-1.42%
BLACKROCK, INC. 1.29% 572.07 Delayed Quote.13.80%
T-MOBILE US 0.61% 100.49 Delayed Quote.28.14%
UNITEDHEALTH GROUP 1.05% 305.31 Delayed Quote.2.78%
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