News Highlights: Top Company News of the Day

Date : 01/15/2020 @ 12:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

 
JPMorgan Profit Jumps on Strong Trading Quarter 
 

JPMorgan Chase, the nation's largest bank, reported a 21% jump in quarterly profit, boosted by a surge in its investment bank and continued consumer strength.

 
Boston Scientific Shares Fall on Weak Preliminary Sales Numbers 
 

Medical-device maker Boston Scientific reported preliminary fourth-quarter results that fell shy of Wall Street's expectations, sending shares down more than 7%.

 
Investment Banking Propels Citigroup's Profit 
 

The New York bank said fourth-quarter profit rose 15% and beat expectations on a surge in its investment banking operations.

 
MGM Resorts Agrees to Sell MGM Grand, Mandalay Bay 
 

MGM Resorts International agreed to sell the MGM Grand and Mandalay Bay resorts and casinos on the Las Vegas Strip to a joint venture that includes private-equity and real-estate giant Blackstone Group.

 
Wells Fargo's Results Sink As Legal Problems Continue 
 

Wells Fargo's quarterly earnings dropped 53% and fell short of expectations as the bank set aside more money to resolve issues tied to its sales-practices scandal.

 
As Justice Department Pressures Apple, Experts Say iPhone Easier to Crack 
 

The escalation of a long-running encryption conflict between the Justice Department and Apple has puzzled security experts who say that new hacking tools have made it possible to gain access to many of the company's devices in criminal investigations.

 
Fundbox Hires First CFO as Fintech Startup Eyes Future IPO 
 

Marten Abrahamsen joined Fundbox in early January from The Chernin Group LLC, a Los-Angeles-based investment firm, where he was a partner since 2018. Before TCG, Mr. Abrahamsen was responsible for Coatue Management LLC's investments in Grab Holdings Inc. and Jet.com Inc.

 
Delta's Profit Rises on Strong Demand and Cheaper Fuel 
 

Delta said lower fuel prices and buoyant demand from holiday travelers helped drive up quarterly earnings, lifting the carrier to its 10th consecutive year of profit.

 
Delaware Attorney General Settles Probe of 403(b) Provider 
 

Delaware's attorney general has settled an investigation of financial-services company Horace Mann Educators Corp. over practices in retirement plans for teachers.

 
Energy Companies Seize the Day With Bond Refinancings 
 

A surprise rally in riskier corporate bonds is providing much-needed help to some energy companies with lower credit ratings, allowing them to issue new bonds to push back looming repayment dates.

 
 

(END) Dow Jones Newswires

January 14, 2020 11:00 ET (16:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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