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News Highlights: Top Company News of the Day

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02/21/2020 | 05:16pm EDT
NBCUniversal in Talks to Acquire Streaming Service Vudu from Walmart 

Vudu's ad-supported service would serve as a complement to Peacock, a new streaming service launching soon, people familiar with the matter said.

Wells Fargo Settles With Government Over Fake-Account Scandal 

Wells Fargo will pay $3 billion to settle investigations by the Justice Department and the Securities and Exchange Commission over its long-running fake-account problems.

Fox Looks to Buy Tubi 

Fox has expressed interest in acquiring Tubi, an ad-supported streaming service that carries reruns and movies, according to people familiar with the matter.

SEC Investigates Altria's Investment in Juul 

Securities regulators have opened a probe related to Altria Group Inc.'s investment in controversial e-cigarette startup Juul Labs Inc., according to people familiar with the matter.

HSBC Narrows CEO Race to Two 

HSBC is in the final stages of selecting its next chief executive, people familiar with the matter said, in a race that has narrowed to interim CEO Noel Quinn and UniCredit boss Jean Pierre Mustier.

EBay Moves Toward Selling Its Classified-Ads Business 

EBay is taking steps toward a potential sale of its classified-ads business, which could be worth roughly $10 billion, according to people familiar with the matter.

Google Resists Demands From States in Ad Probe 

The search-engine company is reluctant to surrender some documents sought by investigators looking into possible anticompetitive practices.

UBS's Retail Banker for Billionaires 

Appointing a digital, retail banking expert as UBS's new chief executive leaves the Swiss bank reliant on passed-over contenders.

Deere Sees Boost From Easing of Trade Tensions 

The farm-equipment company maintained its profit forecast for 2020 and reported better-than-expected equipment sales and profit for the latest quarter.

Nissan Cuts Ex-CEO Saikawa's Exit Package 

The car maker's board sharply cut the exit package of ousted Chief Executive Hiroto Saikawa, who presided over a pronounced decline in the car maker's earnings.


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -4.53% 1110.26 Delayed Quote.-17.11%
ALTRIA GROUP, INC. 0.00% 36.64 Delayed Quote.-26.59%
DEERE & COMPANY -2.86% 135.11 Delayed Quote.-22.02%
EBAY INC. 0.07% 30.18 Delayed Quote.-16.42%
HSBC HOLDINGS PLC -5.80% 469 Delayed Quote.-21.18%
NISSAN MOTOR CO., LTD. 0.38% 366.8 End-of-day quote.-2.68%
WALMART INC. -0.22% 109.58 Delayed Quote.-7.79%
WELLS FARGO & COMPANY -2.01% 30.28 Delayed Quote.-43.72%
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