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News Highlights: Top Company News of the Day

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02/20/2020 | 07:16pm EDT
Vale Swings to a Loss After Impairment Charges on Mines 

Brazilian iron-ore miner Vale SA posted a net loss in the fourth quarter after taking impairment charges on a nickel mine in New Caledonia and a coal mine in Mozambique.

New Mexico Sues Google Over Children's Data Privacy 

The state filed a lawsuit accusing the internet giant of knowingly spying on students and their families through its Google Education platform, allegations that the company denies.

Sprint, T-Mobile Revise Merger Terms 

Sprint and T-Mobile have agreed on new terms for their merger, as the wireless carriers race to close the deal after overcoming a federal court challenge.

Morgan Stanley to Buy E*Trade in Bid for Small Investors 

The $13 billion takeover will combine a Wall Street firm in the late innings of a decadelong turnaround with a discount broker built on the backs of dot-com day traders. It is the biggest takeover by a giant U.S. bank since the 2008 financial crisis.

Two Big Workplace-Software Providers to Merge 

Workplace-software providers Ultimate Software and Kronos plan to merge in an all-stock deal that would create a company worth roughly $22 billion including debt.

Goldman, JPMorgan Back New Exchange Taking on NYSE, Nasdaq 

Members Exchange hopes to challenge the New York Stock Exchange and Nasdaq by charging rock-bottom fees.

Nvidia's Feast or Famine 

The chip maker's data-center business roars back-at least until the next 'digestion' phase.

Anglo American Discloses All Mine Deaths in Industry Shift 

Anglo American gave a full picture of fatalities related to its operations, a major shift in an industry that typically undercounts the number of deaths.

Shell Sees Coronavirus Eroding Chinese Natural Gas Demand 

Royal Dutch Shell, the global leader in liquefied natural gas sales, said coronavirus was hurting demand for the supercooled fuel and prompting it to reschedule or locate new buyers for cargoes previously allocated to Chinese buyers.

Embattled Swiss Asset Manager GAM Plans More Job Cuts 

GAM Holding said it would slash jobs and streamline its operations as part of a new cost-cutting strategy aimed at stabilizing itself after nearly two years of turmoil.


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 8.28% 1183.19 Delayed Quote.-18.42%
ANGLO AMERICAN PLC 6.55% 1301.6 Delayed Quote.-43.97%
GAM HOLDING 11.80% 1.791 Delayed Quote.-42.87%
GOLD 2.95% 1664.6 Delayed Quote.6.54%
JPMORGAN CHASE & CO. 6.44% 89.46 Delayed Quote.-39.71%
MORGAN STANLEY 9.34% 37.01 Delayed Quote.-33.78%
NASDAQ COMP. 7.33% 7913.238014 Delayed Quote.-17.83%
ROYAL DUTCH SHELL 0.72% 17.022 Delayed Quote.-35.41%
SILVER -0.02% 15.2285 Delayed Quote.-19.27%
T-MOBILE US 5.01% 86.09 Delayed Quote.4.54%
VALE S.A. -1.36% 42.78 End-of-day quote.-2.66%
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