News Highlights: Top Equities Stories Of The Day
Source: Dow Jones News
Shell Profit Tumbles Amid Oil Price Slump
Royal Dutch Shell said its profit fell by as much as 50% in the fourth quarter compared with the same period in 2014, illustrating how the slump in oil prices is playing havoc with the energy industry.
BHP Lowers a Forecast as Investors Fear a Dividend Cut
BHP Billiton Ltd. said it is committed to protecting its balance sheet amid a sharp downturn in world commodity markets, as expectations build about the miner preparing to cut its dividend.
Volkswagen Dismisses Speculation of CEO's Ouster
Volkswagen AG's top directors dismissed speculation that Chief Executive Matthias Müller's job was on the line and vowed to publish a substantial report on its emissions fraud.
Zurich Insurance Faces $275 Million in Storm Claims Costs
Zurich Insurance, an insurance giant that remains without a permanent CEO, saw its shares fall sharply after it disclosed that its largest unit has continued to suffer losses.
Apple Seeks to Open Retail Stores in India
The tech giant currently sells its products through a network of Indian-owned distributors and resellers in the South Asian nation
TE Connectivity Profit Falls 25%
TE Connectivity Ltd. said its earnings fell 25% in the latest quarter, as impacts from a strong U.S. dollar weighed on revenue and the company saw weakness in its industrial market and soft demand from China.
Eni's Arctic Oil Field Approved After Delays and Overruns
A Norwegian regulator on Tuesday formally approved the production vessel at the world's northernmost oil field, Eni SpA's Goliat field in Norway's Barents Sea, which could potentially start pumping next month, over two years delayed and well over budget.
Tesla Sues German Auto Parts Maker
Tesla Motors Inc. filed a federal lawsuit against a German auto parts maker for allegedly misrepresenting its ability to design the signature "falcon wing" doors on its Model X electric sport-utility vehicle.
Husky Energy Slashes Budget, Suspends Dividend
Canadian oil and gas producer Husky Energy Inc. eliminated its dividend Tuesday and cut its annual production target and spending budget to cope with the downward spiral in energy prices.
Hedge Fund Trian Partners Is Down Nearly 10% This Year
Nelson Peltz's Trian Partners Ltd. hedge fund is down nearly 10% in the first two weeks of the year, according to an investor update reviewed by The Wall Street Journal.
Gun Maker Bets on Sporting Goods
Smith & Wesson announced plans Tuesday to buy its way into the broader $60 billion outdoor sporting-goods market, reducing its reliance on volatile sales of guns and ammunition.
(END) Dow Jones Newswires
January 20, 2016 06:20 ET (11:20 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Source: Dow Jones News
Shell Profit Tumbles Amid Oil Price Slump
Royal Dutch Shell said its profit fell by as much as 50% in the fourth quarter compared with the same period in 2014, illustrating how the slump in oil prices is playing havoc with the energy industry.
BHP Lowers a Forecast as Investors Fear a Dividend Cut
BHP Billiton Ltd. said it is committed to protecting its balance sheet amid a sharp downturn in world commodity markets, as expectations build about the miner preparing to cut its dividend.
Volkswagen Dismisses Speculation of CEO's Ouster
Volkswagen AG's top directors dismissed speculation that Chief Executive Matthias Müller's job was on the line and vowed to publish a substantial report on its emissions fraud.
Zurich Insurance Faces $275 Million in Storm Claims Costs
Zurich Insurance, an insurance giant that remains without a permanent CEO, saw its shares fall sharply after it disclosed that its largest unit has continued to suffer losses.
Apple Seeks to Open Retail Stores in India
The tech giant currently sells its products through a network of Indian-owned distributors and resellers in the South Asian nation
TE Connectivity Profit Falls 25%
TE Connectivity Ltd. said its earnings fell 25% in the latest quarter, as impacts from a strong U.S. dollar weighed on revenue and the company saw weakness in its industrial market and soft demand from China.
Eni's Arctic Oil Field Approved After Delays and Overruns
A Norwegian regulator on Tuesday formally approved the production vessel at the world's northernmost oil field, Eni SpA's Goliat field in Norway's Barents Sea, which could potentially start pumping next month, over two years delayed and well over budget.
Tesla Sues German Auto Parts Maker
Tesla Motors Inc. filed a federal lawsuit against a German auto parts maker for allegedly misrepresenting its ability to design the signature "falcon wing" doors on its Model X electric sport-utility vehicle.
Husky Energy Slashes Budget, Suspends Dividend
Canadian oil and gas producer Husky Energy Inc. eliminated its dividend Tuesday and cut its annual production target and spending budget to cope with the downward spiral in energy prices.
Hedge Fund Trian Partners Is Down Nearly 10% This Year
Nelson Peltz's Trian Partners Ltd. hedge fund is down nearly 10% in the first two weeks of the year, according to an investor update reviewed by The Wall Street Journal.
Gun Maker Bets on Sporting Goods
Smith & Wesson announced plans Tuesday to buy its way into the broader $60 billion outdoor sporting-goods market, reducing its reliance on volatile sales of guns and ammunition.
(END) Dow Jones Newswires
January 20, 2016 06:20 ET (11:20 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
