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News Highlights: Top Company News of the Day

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01/17/2020 | 01:16am EST
Facebook Backs Off Plan to Sell Ads in WhatsApp 

The social-media giant disbanded a team that was working to integrate ads in its messaging service, marking a retreat from a controversial plan that had driven the platform's creators to resign.

Alphabet Becomes Fourth U.S. Firm to Reach $1 Trillion Market Value 

Google's parent company joins Apple, Amazon and Microsoft as the only companies to hit a $1 trillion valuation, highlighting the technology sector's steady market leadership.

Panel Clears 737 MAX's Safety-Approval Process at FAA 

Regulators who certified the Boeing 737 MAX adhered to policies, and the plane wouldn't have been safer if it had received the scrutiny of an all-new aircraft, a federal panel determined.

Dry Bulk Carrier American Commercial Barge Preps Restructuring 

Struggling bulk commodities carrier American Commercial Barge Line Co. is in talks with a group of lenders to restructure its more than $1 billion of debt, according to people familiar with the matter.

Rio Tinto Sees Iron-Ore Shipments Rebounding in 2020 

Rio Tinto forecast improved iron-ore shipments from its Australian mining hub this year after operational and weather-related setbacks curbed output in 2019.

Comcast's Peacock Aims to Undercut Streaming Rivals 

Comcast's NBCUniversal unveiled a multitiered pricing strategy for its coming streaming service Peacock, including free and subscription options.

CSX Projects Another Revenue-Challenging Year in 2020 

Freight rail operator CSX Corp. projects another challenging year in 2020, following a steeper-than-expected 3% revenue decline this year.

McAfee CEO Chris Young to Depart 

McAfee Chief Executive Chris Young will step down to join private-equity firm TPG as a senior adviser, handing the reins to a new leader who could potentially take the cybersecurity-software company public or pursue a sale.

Gap Backs Away From Old Navy Split 

The retailer won't spin off Old Navy into a separately traded public company, backing away from a plan it said it would pursue about a year ago.

Netflix Really Chills 

The streaming giant gets its own flavor of ice cream.

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.03% 320.3 Delayed Quote.9.08%
BOEING COMPANY (THE) -0.60% 336.28 Delayed Quote.3.85%
CRB COMMODITY INDEX 0.10% 195.01 End-of-day quote.0.00%
FACEBOOK -1.34% 214.58 Delayed Quote.4.55%
MICROSOFT CORPORATION -1.53% 184.42 Delayed Quote.16.94%
NETFLIX, INC. -0.05% 386 Delayed Quote.19.35%
RIO TINTO PLC 0.19% 4209.5 Delayed Quote.-6.52%
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