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News Highlights: Top Company News of the Day

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01/21/2020 | 03:16am EST
The Investor Clash Behind Tesla's Surge Toward $100 Billion in Market Value 

The rise in Tesla's stock has turbocharged a long-running war over the proper value of the shares. This has split investors large and small into warring camps-both sides digging in with fervor.

UBS Cuts Midterm Guidance 

UBS cut its mid-term guidance after missing key targets for 2019 and despite reporting an above-forecast fourth-quarter net profit of $722 million.

Huawei Executive's Extradition Hearing in Canada Begins 

Lawyers for Huawei Technologies executive Meng Wanzhou argued in a Canadian court against her extradition to the U.S., saying the sanctions against Iran that she is accused of violating aren't enforced in Canada.

Tencent Chairman Trims Stake, Raises Nearly $257.4 Million 

Tencent Holdings Ltd. Chairman Pony Ma raised nearly $257.4 million by selling down his stake in the Chinese tech heavyweight four days in a row last week, according to filings to the Hong Kong stock exchange.

BHP's Iron Ore Output Lifts On Year, Guidance Unchanged 

BHP Group Ltd. reported stronger quarterly production of iron ore as it continued to capitalize on high prices for a commodity that is its main profit driver.

BP Finance Chief to Step Down 

BP said its chief financial officer Brian Gilvary will retire at the end of June, and will be succeeded by Murray Auchincloss.

Hugo Boss Sales, Profits Rise 

Hugo Boss said sales and operating profit rose in the fourth quarter, buoyed by momentum in Europe and China.

Uber Sells Indian Food-Delivery Unit to Rival Zomato 

Uber agreed to sell its Indian food-delivery unit to a local rival, shedding a struggling business in a move that could steer the ride-hailing company toward profitability.

BAE Systems to Buy Military GPS Business From United Technologies for $1.93 Billion 

BAE Systems is doubling down on the U.S. defense market, agreeing to buy a business that tracks everything from jet fighters to tanks.

Embraer Ties New Turboprop Aircraft to Boeing Deal 

Embraer will have to scrap plans to build the first all-new turboprop aircraft in 30 years if its proposed joint venture with Boeing fails to secure regulatory approval.

Stocks mentioned in the article
ChangeLast1st jan.
BAE SYSTEMS PLC 0.47% 640 Delayed Quote.12.78%
BHP GROUP -0.72% 38.5 End-of-day quote.-0.69%
BOEING COMPANY (THE) -0.17% 338.3 Delayed Quote.4.52%
BP PLC 1.16% 462.8 Delayed Quote.-2.99%
EMBRAER S.A. 1.44% 19.04 End-of-day quote.-5.73%
HUGO BOSS 0.81% 43.51 Delayed Quote.-0.23%
TENCENT HOLDINGS LIMITED 0.49% 410.2 End-of-day quote.9.15%
UBS GROUP -0.12% 12.91 Delayed Quote.6.05%
UNITED TECHNOLOGIES CORPORATION -0.40% 150.68 Delayed Quote.1.02%
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