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News Highlights: Top Company News of the Day

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01/21/2020 | 07:16am EST
UBS Stumbles as Switzerland's Largest Bank Rows Back Its Targets 

UBS shares fell 5% after the bank missed its 2019 financial goals and lowered its targets to reflect tough market conditions.

Tyson Scion to Lead Sustainability Push 

John R. Tyson, a member of Tyson's founding family, is calling on the meat industry to address issues like resource conservation and food waste.

IBM Sales Expected to Dip Despite Red Hat Purchase: What to Watch 

Technology giant IBM may be heading for its sixth successive quarter of year-over-year revenue decline-although it has been trying to reverse that slide, in part through the $33 billion purchase of Red Hat.

Uber Is Testing a Feature That Lets Some Drivers Set Fares 

In an effort to give drivers more autonomy in response to California's new gig-economy law, Uber is letting drivers at airports in Santa Barbara, Palm Springs and Sacramento charge up to five times the fare Uber sets.

Kindred Events Aims to Help Companies Build 'Purpose-Led' Practices 

Kindred Events LLC, a startup co-founded by advertising veteran Ian Schafer, raised $5.2 million to expand its business helping companies pursue socially-conscious efforts and practices.

Tesla Stages Encore to China in Germany 

Electric-car maker Tesla pulled off opening a car factory in China with breakneck speed, sending the company's shares to record heights. Speed bumps await the planned construction of a plant in Germany.

As Detroit Quits India, China Drives In 

India's vast but volatile auto market has tripped up many foreign car makers. Chinese manufacturers looking for growth abroad could be next.

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-with both sides digging in.

Huawei Executive's Extradition Hearing in Canada Begins 

Lawyers for Huawei 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.

Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.75% 139.75 End-of-day quote.-3.11%
KINDRED GROUP -1.85% 56.1 Delayed Quote.-0.35%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.25% 119.8 End-of-day quote.-3.69%
TENCENT HOLDINGS LIMITED -0.34% 410 End-of-day quote.-1.44%
TESLA, INC. 0.18% 901 Delayed Quote.115.38%
UBS GROUP -2.61% 12.685 Delayed Quote.6.54%
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