News Highlights: Top Company News of the Day

12/11/2019 | 07:16am

Aramco Shares Rise 10% After World's Biggest IPO

Saudi Aramco shares jumped in Riyadh, quickly touching their upward limit, as investors rushed to buy a piece of the world's largest initial public offering.

Credit Suisse Cuts Profit Targets

Credit Suisse warned that its return on tangible equity, a key measure of profitability, would be less than previously forecast for 2019 and 2020, as the bank faces challenging market conditions.

Inditex Backs Guidance as Profits Rise

Inditex reported a rise in net profit to EUR2.7 billion for the first nine months of the fiscal year, and backed its full-year forecast for sales growth.

ThaiBev Seeks to Raise Up to $1.47 Billion in Singapore IPO of Beer Business

Thai Beverage PCL, owned by one of Thailand's richest men is seeking to raise up to $1.47 billion through an initial public offering of its beer business in Singapore, people with knowledge of the process said.

Lincoln Road and Peninsula Capital Expand Fire-Safety Business

Republic Fire Protection Inc., of Loganville, Ga., now backs four fire-protection companies focused on the Southeast.

HSBC Swiss Unit to Pay $192 Million to Settle U.S. Tax Case

A Switzerland-based HSBC unit admitted to helping Americans evade taxes over a decade and agreed to pay $192 million to settle criminal charges.

Carlyle Group Widens Fertility Benefits for Employees

Carlyle Group is broadening coverage of fertility services and infertility treatments for employees, including for singles or same-sex partners, according to an internal employee memo.

Chevron, Facing Fossil Fuels Glut, Takes $10 Billion Charge

Chevron is writing down the value of its assets by more than $10 billion, a concession that in an age of abundant oil and gas some of its holdings won't be profitable anytime soon.

Amazon Sees Need for Boosting Technical Skills of Its Workforce

When Amazon's top human-resources executive considers the skills the retail giant might need in its workforce going forward, she has a quick answer.

AutoZone Races Toward Record, Fueled by Strong Earnings

Shares of AutoZone surged Tuesday toward an all-time high after the distributor of automotive replacement parts and accessories reported higher-than-expected sales and profits.

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