News Highlights: Top Company News of the Day
August 13 2019 - 7:30PM
Dow Jones News
RealReal's Revenue Soars as Its Loss Widens
The San Francisco-based company reported total revenue for the
second quarter jumped 51% from a year earlier to $71 million.
Peabody Energy Wins Appeal Over Bankruptcy Exit Plan
A federal appeals court has ruled in favor of Peabody Energy in
a dispute with hedge funds that sought a bigger slice of the coal
mining company when it emerged from chapter 11 bankruptcy in
2017.
Brinker Bets Delivery Will Drive Sales Growth
Executives at the parent company of Chili's Grill & Bar said
its recently introduced delivery program, through DoorDash, is
showing good results.
CBS, Viacom Strike Deal for Long-Thwarted Merger
CBS and Viacom agreed to merge in a deal that would reunite
mogul Sumner Redstone's media empire in the hopes of creating a
more formidable competitor to the entertainment industry's
giants.
How Tariffs Can Still Bite Apple
The tariff delay will help this year's iPhone crop, but Wall
Street is far more focused on 5G devices next year.
Boeing Plane Deliveries Tumble So Far in 2019
Boeing said it delivered 38% fewer planes in the first seven
months of 2019 than a year ago-falling further behind rival
Airbus-as the impact of grounding the 737 MAX jetliner weighs on
the U.S. plane maker.
Retail Stocks Rally as Tariffs Are Delayed
Shares of department stores, discount chains and even toy makers
rallied Tuesday after the U.S. said it would delay some tariffs
against China until Dec. 15.
JD.com Shares Surge on Higher Revenue
Chinese e-commerce site JD.com Inc. delivered higher revenue and
customer-base growth in the latest quarter despite concerns about
macroeconomic conditions and competition.
Foxconn Profit Fell 2.5% in Second Quarter
Foxconn Technology's net profit fell as its biggest customer,
Apple, continued to struggle with weak iPhone sales.
MarketAxess Breaks Into Treasury Trading With Acquisition
MarketAxess Holdings, the dominant online corporate bond-trading
marketplace, is expanding into the $16 trillion market for U.S.
government bonds with the acquisition of LiquidityEdge.
(END) Dow Jones Newswires
August 13, 2019 19:15 ET (23:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.