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News Highlights: Top Company News of the Day

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02/19/2020 | 07:16am EDT
Big Tech to Face More Restrictions in Europe on Data, AI 

American tech giants will face new restrictions in the European Union on artificial intelligence and on the use of data to drive out smaller rivals.

Everything's 25% Off at the World's Most Debt-Squeezed Company 

China Evergrande Group has slashed prices of properties sold this month and next, but its share price has actually risen.

Deutsche Telekom Profit Soars 

Deutsche Telekom posted a 78% rise in net profit to EUR3.87 billion in 2019 as revenue climbed and forecast further growth in the year ahead.

Puma Confident Despite Coronavirus Warning 

Puma beat its 2019 earnings guidance as profit and sales rose sharply and said it will meet its full-year goals, despite the likelihood of a first-quarter hit due to the coronavirus.

Grocers Wrest Control of Shelf Space From Struggling Food Giants 

Retailers are relying on their own proprietary research to decide where to shelve products, dealing another blow to large U.S. food companies that are already dealing with increased competition and shifting consumer tastes.

Amazon Will Be a Pale Imitator of Alibaba's Luxury Look 

Amazon's founder Jeff Bezos may be the world's wealthiest man, but luxury brands are still reluctant to do business with him.

Boeing Finds Debris in Undelivered MAX Jets 

Inspection of fuel tanks of the grounded aircraft revealed the problem, marking the latest setback in the plane maker's efforts to address quality control problems.

Groupon to Exit Goods Market, Focus on 'Local Experiences' 

The Chicago-based company said Tuesday that it would shift focus from its current deal-centric approach.

Why One of the World's Largest Tobacco Companies Is Struggling 

Pyxus International, one of the world's largest suppliers of tobacco, is facing mounting financial pressure from a decline in its core business and setbacks in its efforts to diversify into cannabis and vaping fluids.

Huawei Suit Against U.S. Ban Is Dismissed 

A federal judge ruled against the Chinese company in its challenge of a U.S. law barring federal agencies from doing business with the telecommunications-equipment maker.


Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -2.83% 1900.1 Delayed Quote.2.83%
AURORA CANNABIS INC. 15.87% 1.46 Delayed Quote.-54.84%
BOEING COMPANY (THE) -10.27% 162 Delayed Quote.-44.58%
CANNTRUST HOLDINGS INC. -5.77% 0.98 Delayed Quote.-13.33%
CANOPY GROWTH CORPORATION -4.50% 20.38 Delayed Quote.-21.86%
CHINA EVERGRANDE GROUP 3.42% 10.28 End-of-day quote.1.78%
CRONOS GROUP INC. -1.12% 8.82 Delayed Quote.-10.53%
DEUTSCHE TELEKOM AG -2.26% 11.702 Delayed Quote.-19.68%
HEXO CORP. 4.08% 1.53 Delayed Quote.-28.99%
PUMA SE -2.10% 55.95 Delayed Quote.-18.14%
THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. -13.04% 0.3 Delayed Quote.-54.00%
THE SUPREME CANNABIS COMPANY, INC. 10.53% 0.315 Delayed Quote.-54.76%
TILRAY, INC. 15.19% 9.1 Delayed Quote.-46.88%
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