News Highlights: Top Company News of the Day
April 26 2018 - 9:15PM
Dow Jones News
Ex-HSBC Executive Sentenced to Two Years Following 'Front-Running' Conviction
Former high-ranking HSBC Holdings PLC executive Mark Johnson was
sentenced to two years in prison, following his conviction last
fall on charges that he misused confidential information about a
client's $3.5 billion currency trade to make millions of dollars
for the bank.
Amazon More Than Doubles Its Profit
The online retail firm more than doubled its quarterly profit
despite spending heavily on building more warehouses and devices,
as well as bulking up on assets for its delivery network and video
content.
Microsoft Rides Cloud Strength, Signals More to Come
Microsoft extended its streak of wins in the latest quarter as
it moves into an era where its Windows franchise plays a supporting
role to its burgeoning cloud-computing operations.
Intel's Higher Profit Shows Firm Shaking Off Chip Flaws
Intel's quarterly profit rose as the chip giant showed no impact
from revelations earlier this year of critical security flaws in
its processors.
Starbucks Chief Vows to Learn From Philadelphia Arrests
Starbucks CEO Kevin Johnson promised to prevent an incident like
the arrest of two black men at one of its coffee shops in
Philadelphia this month from happening again.
China's HNA in Talks to Sell European Transportation Business
Chinese conglomerate HNA Group Co., under pressure to cut its
debt load, is in exclusive talks to sell its European and Canadian
transportation and logistics business to infrastructure investor I
Squared Capital for north of 1 billion euros ($1.21 billion).
AT&T's Tab Awaiting Time Warner Takeover Hits $1.4 Billion
Even if a federal judge sides with AT&T Inc. in its fight to
take over Time Warner Inc. for $85 billion, victory won't have come
cheap.
Chipotle CEO Says No to Breakfast, Yes to Longer Hours
Chipotle Mexican Grill's new chief executive said his recipe for
reviving the burrito maker is simple: focus on improving the fast
service and relatively simple menu that made the chain so popular
to begin with.
Consumer Spending Helps to Boost Discover Results
Credit-card balances at the company grew 10% in the quarter from
a year earlier as earnings topped expectations.
Maersk CEO Calls For End to Shipping Subsidies
Soren Skou, head of the world's biggest container ship operator,
says government backing is propping up carriers "who do not have a
profitable business model."
(END) Dow Jones Newswires
April 26, 2018 21:00 ET (01:00 GMT)
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