News Highlights: Top Company News of the Day

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08/14/2019 | 01:15 pm

Macy's Lowers Full-Year Profit Outlook; Shares Fall

Macy's lowered its full-year earnings outlook after missing profit expectations in the latest quarter, even though it reported growth in a key sales metric.

WeWork IPO Filing Details Huge Revenue and Losses

WeWork's parent company unveiled the papers for its initial public offering, taking the next step toward the office-space firm's debut as soon as September.

Tencent's Profit Rises 35% as New Games Hit Market

The Chinese internet giant has been reviving its games business this year after a nine-month regulatory freeze on new-game approvals last year battered its business.

Viacom-CBS Deal Drama Was Worthy of the Fall Lineup

A disgraced former CEO. A newly minted mogul. Lines from "The Godfather." The path to a media reunion was rocky.

Museum of Ice Cream Valued at $200 Million

Venture investors are valuing the company behind the Museum of Ice Cream at $200 million in a bet that the frozen dessert-themed attraction can expand further into branded food, products-and a new theme beyond ice cream.

Glencore Loses Tax Office Documents Fight

Glencore has lost a bid to stop Australia's tax office from using documents that detail some of its offshore financial arrangements, as its case was dismissed by the country's high court.

Investors Heart Edwards Lifesciences

Shares of the cardiovascular-focused company have surged this year, but they have more room to run if a new procedure catches on.

Fannie, Freddie to Consider Alternatives to FICO Scores

Fannie Mae and Freddie Mac, two mortgage-finance firms that back nearly half of U.S. mortgages, will have to consider credit-score alternatives to Fair Isaac Corp.'s FICO score when determining a mortgage applicant's creditworthiness.

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.

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.

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