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News Highlights: Top Company News of the Day

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01/24/2020 | 09:16am EST
American Express Profit Falls, Revenue Increases 

The credit-card company's fourth-quarter profit declined from a year ago but its revenue increased.

5G's Growing Costs Sting Swedish Telecom Giant Ericsson 

Ericsson returned to profit in the fourth quarter but concerns about higher costs associated with new fifth-generation mobile networks and a slowdown in North America sent its shares down more than 7%.

Deutsche Bank Appoints Former German Foreign Minister to Board 

Deutsche Bank said that it has picked Sigmar Gabriel, a former minister in German Chancellor Angela Merkel's government, to join its board, after the appointment of another nominee fell through.

Consumer Giants Are Struggling to Slim Down 

The fastest way for consumer-product manufacturers to improve sales growth-their No. 1 priority-is to unload unfashionable brands that are dragging down their performance. So it is a puzzle why they are selling so little.

Bayer Gains on Roundup-Settlement Report 

Bayer shares were trading around 3% higher, buoyed by a report that the German conglomerate could settle its weed killer legal cases for around $10 billion.

U.S. Moves to Curb E-Commerce Counterfeiting 

The Trump administration is warning online sellers and warehouse operators they will face greater scrutiny and penalties if they don't help stem the rising tide of fakes sold on the internet.

Uber Braces for Clash With EU Cities on Scooter Data 

Uber said several European cities have told the company they want it to share data about usage of its electric scooters and bicycles, setting up potential privacy disputes similar to the one between Uber and Los Angeles.

No, Tesla Isn't Bigger Than Volkswagen 

But its stock price reflects that unlike the industry leader or GM, Elon Musk's car maker has little to lose in the journey to a greener future.

New Warehouse Supply Projected to Exceed Demand Over Next Two Years 

Developers are expected to deliver about 301 million square feet of new warehouse space in the U.S., Canada and Mexico this year, while tenants will lease about 242 million square feet, according to a new report from Cushman & Wakefield PLC.

Ericsson Slumps Amid Higher Costs 

UPDATED: Ericsson shares fell as much as 8.2% in early trade after the company's fourth-quarter earnings were weighed by higher costs.

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN EXPRESS COMPANY -1.99% 118.5 Delayed Quote.-2.88%
BAYER AG 0.16% 69.9 Delayed Quote.-4.00%
DEUTSCHE BANK AG 1.01% 8.86 Delayed Quote.28.09%
ERICSSON AB 0.05% 82.28 Delayed Quote.0.88%
TESLA, INC. -2.64% 778.8 Delayed Quote.86.17%
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