News Highlights: Top Company News of the Day
February 20 2020 - 05:30PM
Dow Jones News
Sprint, T-Mobile Near Agreement on New Merger Terms
Sprint and T-Mobile are close to agreeing on new terms for their
merger, according to people familiar with the matter, as the
wireless carriers race to close the deal after overcoming a federal
court challenge.
Morgan Stanley to Buy E*Trade in Bid for Small Investors
The $13 billion takeover will combine a Wall Street firm in the
late innings of a decadelong turnaround with a discount broker
built on the backs of dot-com day traders. It is the biggest
takeover by a giant U.S. bank since the 2008 financial crisis.
Two Big Workplace-Software Providers to Merge
Workplace-software providers Ultimate Software and Kronos plan
to merge in an all-stock deal that would create a company worth
roughly $22 billion including debt.
Goldman, JPMorgan Back New Exchange Taking on NYSE, Nasdaq
Members Exchange hopes to challenge the New York Stock Exchange
and Nasdaq by charging rock-bottom fees.
Nvidia's Feast or Famine
The chip maker's data-center business roars back-at least until
the next 'digestion' phase.
Anglo American Discloses All Mine Deaths in Industry Shift
Anglo American gave a full picture of fatalities related to its
operations, a major shift in an industry that typically undercounts
the number of deaths.
Shell Sees Coronavirus Eroding Chinese Natural Gas Demand
Royal Dutch Shell, the global leader in liquefied natural gas
sales, said coronavirus was hurting demand for the supercooled fuel
and prompting it to reschedule or locate new buyers for cargoes
previously allocated to Chinese buyers.
Embattled Swiss Asset Manager GAM Plans More Job Cuts
GAM Holding said it would slash jobs and streamline its
operations as part of a new cost-cutting strategy aimed at
stabilizing itself after nearly two years of turmoil.
Casual Dining Chain Owner CraftWorks to Restructure $200 Million of Debt
CraftWorks Holdings Inc., the cash-strapped owner of a
collection of brewery and casual dining brands, is preparing a debt
restructuring in the face of tough competition in the craft
brews-and-food dining sector, said people familiar with the
matter.
Domino's Pizza Delivers Strong Sales and Profit
Domino's Pizza reported stronger-than-expected financial results
in its latest quarter despite facing heightened competition from
delivery companies that ferry all manner of food to consumers.
(END) Dow Jones Newswires
February 20, 2020 17:15 ET (22:15 GMT)
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