News Highlights: Top Company News of the Day
Today 5:00 AM ET (Dow Jones)Print
Apple Supplier Expects Coronavirus-Hit Labor Shortage in China to Ease
Foxconn Technology, Apple's main iPhone assembler, said it expects the number of workers at its plants in mainland China to return to full seasonal level by the end of March if the coronavirus epidemic doesn't worsen.
Beiersdorf Warns of Flat Growth
Beiersdorf reported a slight fall in 2019 underlying earnings to EUR1.11 billion, and warned of flat profit and sales growth this year before the potential effects of the coronavirus.
U.S. Airlines Face Test as Epidemic Spreads
Carriers have spent the past decade retooling their businesses to better protect against economic shocks. The coronavirus crisis rippling around the world is putting those efforts to the test.
Novartis Unit to Pay $195 Million in Generic-Drug Price-Fixing Case
Sandoz, a subsidiary of Novartis, will pay a $195 million criminal penalty for fixing prices on generic drugs, the Justice Department said.
Apple to Settle Class-Action Suit Over Slowed-Down iPhones
Apple has agreed to pay as much as $500 million to settle a class-action lawsuit that claims the company slowed down the performance of older iPhones to spur customers to buy new ones.
Twitter Chief Needs to Pick a Perch
Jack Dorsey's split role is a ripe target at a challenging time for social networks.
Waymo Raises $2.25 Billion After Courting Outside Investors for First Time
Waymo has raised $2.25 billion to fuel its driverless-car enterprise, the first time it has taken outside money since Google began to develop the technology more than 11 years ago.
Xerox Moves to Buy All of HP's Shares
The public takeover bid follows moves by HP to resist a deal that the printer and computer company says undervalues its business.
Point72's Head Quant Is Leaving the Firm
The head of billionaire Steven A. Cohen's quantitative-trading effort is leaving, a possible sign of the challenges traditional investors are facing as they move to embrace quant strategies.
Herbalife Sets Aside $40 Million for Bribery Settlement
Herbalife Nutrition has set aside $40 million to resolve foreign bribery probes centered on its business in China.
