News Highlights: Top Company News of the Day
April 26 2018 - 5:15AM
Dow Jones News
Deutsche Bank Posts Sharp Fall in Profit Amid Vast Overhaul
Deutsche Bank said it will shrink its U.S. investment bank and
reported a 79% decline in net income for the first quarter.
Roche Raises Outlook After Sales Rise
Roche raised its outlook after first-quarter sales increased,
buoyed by its multiple-sclerosis drug Ocrevus and its HER2
breast-cancer drugs.
Shell Profit Soars on Oil Recovery
Royal Dutch Shell reported its highest quarterly net profit
since 2013, as higher oil prices and years of cost cutting boosted
earnings.
Barclays Answers Critics With Investment-Banking Growth
Barclays Chief Executive Jes Staley faced down investor pressure
over its investment bank by boosting revenue at the unit in the
first quarter, even as a settlement with the Justice Department
pushed the lender into an overall loss.
Volkswagen Profit Falls on Accounting Changes
Volkswagen reported a 3% fall in first-quarter earnings despite
a rise in revenue after a writedown shaved EUR300 million off
operating profit.
BP Names Oil Industry Veteran Helge Lund as Chairman
BP has appointed energy industry veteran Helge Lund as its next
chairman as the oil giant seeks to move past the Deepwater Horizon
disaster and get to grips with a fast-changing industry.
Total 1Q Net Profit Falls; Raises 2018 Interim Dividend
Total said Thursday that its first-quarter net profit fell, as
it raised its first 2018 interim dividend.
Lufthansa Loss Narrows
Lufthansa said its first-quarter net loss narrowed to EUR57
million but was still almost double the figure analysts had
expected.
Nokia Misses 1Q Forecasts But Upgrades Outlook For Networks
Nokia said that it missed first-quarter profit forecasts as
sales in its key networks business fell, but painted a rosier
picture of the second half of the year as it upgraded the outlook
in networks
Samsung's Earnings Hot Streak Continues
Sales of memory chips drove the company's fourth consecutive
quarter of record operating profits, but investors are focused on
how long the good times can keep rolling.
(END) Dow Jones Newswires
April 26, 2018 05:00 ET (09:00 GMT)
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