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News Highlights: Top Company News of the Day

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01/21/2020 | 09:16am EST
BP Names New Finance Chief Ahead of CEO's Retirement 

Brian Gilvary will retire at the end of June and be succeeded by Murray Auchincloss, expanding changes to the company's leadership ahead of Chief Executive Bob Dudley's planned retirement.

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.

Halliburton Swings to 4Q Loss on Impairments 

Oil-field services company Halliburton swung to a fourth-quarter loss as it booked impairments and other charges as well as lower revenue.

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.

Prada and LVMH to Drop Leases as Hong Kong's Retail Sparkle Fades 

Hong Kong landlords, used to charging top dollar for flagship stores, are suddenly in flash-sale territory. Prime retail rents dropped in late 2019, as social unrest disrupted commerce, and rents in the glitziest enclaves are expected to fall again this year.

IBM Sales Expected to Dip Despite Red Hat Purchase 

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.

Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 0.96% 462 Delayed Quote.-2.99%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.13% 139.475 End-of-day quote.-4.68%
HALLIBURTON COMPANY 1.08% 22.1215 Delayed Quote.-10.67%
KINDRED GROUP 0.97% 56.22 Delayed Quote.-3.77%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.06% 121.5 End-of-day quote.-3.11%
LONDON BRENT OIL 1.75% 58.61 Delayed Quote.-13.27%
TESLA, INC. 6.91% 911.2586 Delayed Quote.91.24%
UBS GROUP 0.15% 12.98 Delayed Quote.6.05%
WTI 1.63% 52.74 Delayed Quote.-16.22%
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