News Highlights: Top Company News of the Day
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Apple Posts Record Revenue on Strong iPhone, App Sales
Apple posted record revenue and a return to profit growth in its latest quarter behind strong sales of iPhones, apps and its AirPod wireless earbuds.
Novartis Posts Sales Growth as It Slims Down
Swiss pharmaceutical company Novartis reported strong sales of new drugs including gene therapy Zolgensma, a sign the company's focus on cutting-edge medicines is starting to pay off.
British Airways Suspends China Flights as Coronavirus Spreads
British Airways became the first global airline to cancel service to and from mainland China as the virus spread beyond Asia, while a U.S.-chartered plane carried diplomats and other Americans from Wuhan to California.
Santander Profits Beat Expectations
Santander's fourth-quarter net profit rose 35%, helped by one-offs, as the bank strengthened its capital position.
LVMH Sales Powered by Fashion, Leather Goods
French luxury-goods conglomerate's revenue rose 15%, driven by strong growth at Louis Vuitton and Christian Dior.
Renault Appoints Luca De Meo as New CEO
French car maker Renault named Luca de Meo as chief executive effective July 1. It also named Clotilde Delbos, who has been serving as CEO on an interim basis, as deputy chief executive.
Univision Suitor Seeks to Recruit CBS Chief to Front Bid
Joe Ianniello, who oversees CBS assets at ViacomCBS, hasn't decided whether to join Platinum Equity's bid for the Spanish-language broadcaster.
Chipmaker Xilinx to Cut About 7% of Workforce
Xilinx blamed a "perfect storm" of a slowdown in fifth-generation technology investments and the impact of trade restrictions blocking business with China's Huawei Technologies.
Starbucks Closes Half of China Stores Amid Coronavirus Outbreak
The coffee chain said customers in the U.S. helped to drive up sales in its latest quarter, but it has closed more than half of its stores in China because of the coronavirus outbreak.
U.S. Targets Phone Companies for Allegedly Aiding Robocallers
Federal prosecutors sought restraining orders against telecommunications operators in two states that they said allowed illegal fraudulent calls to go through to recipients.
