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News Highlights: Top Company News of the Day

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02/24/2020 | 11:16am EDT
Investors Retreat From Oil Firms in Sign of Rising Skepticism 

Major oil companies are working hard to articulate a vision for their future, but the energy sector's poor performance shows that many investors aren't buying it.

HSBC Keeps Net Open for New CEO 

HSBC said it would continue looking for a new chief executive while it considers permanently appointing interim CEO Noel Quinn, after UniCredit boss Jean Pierre Mustier withdrew from talks about the job.

Boeing Offers More Support for 737 MAX Suppliers 

Boeing is planning more financial and other support to its 737 MAX suppliers to prepare them to resume production of the jetliner-and dissuade some from seeking more business from Airbus.

European Airline Stocks Tumble as Coronavirus Spreads in Italy 

Shares of European airlines plunged led by EasyJet and Ryanair, on speculation that authorities may crack down on flights and travel in the region after the biggest outbreak of coronavirus outside Asia emerged in Italy.

Teck Pulls Oil Project, Blames Canada's Climate-Policy Uncertainty 

A Canadian mining company shelved a proposed multibillion-dollar energy project that the federal cabinet was days away from issuing a verdict on, citing political uncertainty about oil-and-gas development in the resource-rich country.

PepsiCo to Buy Chinese Online Snack Company for $705 Million 

PepsiCo has agreed to buy Be & Cheery, an online snack company in China from Haoxiangni Health Food, for $705 million.

Tobacco Bosses Mix and Match Their Nicotine Hit 

The number of cigarettes sold globally is in decline, but many consumers are just getting their nicotine fix elsewhere.

Move Over, Elliott. Argentina's New Bond-Market Nemesis Is Fidelity. 

Argentina's new adversary in the bond market is no highflying hedge fund. It's Fidelity Investments.

Intuit Near Deal to Buy Credit Karma for $7 Billion 

Intuit is near a deal to buy personal-finance portal Credit Karma for about $7 billion in cash and stock, pushing the company behind QuickBooks and TurboTax further into consumer finance, people familiar with the matter said.

Google Plots Course to Overtake Cloud Rivals 

The decision to cut jobs is the latest move in a yearlong effort to shake up the cloud unit and put greater focus on delivering growth to parent Alphabet.


Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE -9.74% 53.46 Real-time Quote.-54.52%
ALPHABET INC. -3.15% 1124.786 Delayed Quote.-13.25%
BOEING COMPANY (THE) -4.74% 141.69 Delayed Quote.-53.25%
EASYJET PLC -5.22% 541.2 Delayed Quote.-59.92%
HSBC HOLDINGS PLC -8.87% 413.925 Delayed Quote.-23.26%
INTUIT INC. -1.33% 226.59 Delayed Quote.-12.19%
LONDON BRENT OIL -3.04% 25.18 Delayed Quote.-62.08%
PEPSICO, INC. -0.25% 119.875 Delayed Quote.-12.12%
RYANAIR HOLDINGS PLC -2.95% 8.932 Delayed Quote.-37.06%
WTI 0.21% 20.351 Delayed Quote.-62.40%
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