Facebook Revenue Surges Nearly 50% 
 

Facebook recorded rising revenue and profits in the first quarter as advertisers were undeterred by the uproar around the site's handling of user data and struggles to police its platform.

 
Ford's Profit Rises Amid Progress on Cost Cutting 
 

Ford plans to boost profit margins faster than initially forecast, saying it will slash capital spending in coming years and kill iconic vehicle lines that are unprofitable.

 
AT&T's Revenue Suffers as Cord-Cutters Hurt 
 

AT&T Inc.'s quarterly revenue declined as growth in the company's streaming video service wasn't enough to offset losses of more profitable wireless and satellite accounts.

 
Comcast Pursues Sky, Sizes Up Bigger Move for Fox Assets 
 

Comcast has submitted a $31 billion bid to buy Sky, prompting the European pay-TV operator to drop its backing for a takeover by Fox and setting up a bidding war.

 
Danaher Approached GE About Deal for Life-Sciences Unit 
 

Danaher recently expressed interest in a deal for GE's life- sciences business, but GE didn't engage and isn't interested in a deal.

 
Qualcomm's Profit Tumbles as Royalty Disputes Continue 
 

Qualcomm said its profit plunged 52% from a year earlier as it dealt with a tangle of challenges, including Apple and Huawei Technologies continuing to withhold royalties.

 
ConocoPhillips Wins Ruling Against Venezuelan Oil Company 
 

ConocoPhillips won a $2 billion arbitration against Venezuela's state-controlled oil company over the 2007 expropriation of two oil projects, though it faces obstacles collecting the award.

 
Activist Investor TCI Has Built Stake of Over 4% in Fox 
 

London-based activist investor Chris Hohn has built a roughly $3 billion stake in 21st Century Fox, a position that makes him one of the largest holders of a company at the center of a global takeover battle.

 
PayPal Profit Up on Mobile Payments, Cross-Border Trade 
 

PayPal said on Wednesday that first-quarter profit rose by one-third thanks to increases in mobile payments and cross-border trade.

 
Senate Banking Chairman Chastises Citibank, Bank of America on Guns 
 

The criticism centers on moves by the banks to stop doing some business with the gun industry after the deadly shooting in February at a Florida high school.

 
 

(END) Dow Jones Newswires

April 25, 2018 19:00 ET (23:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.