News Highlights: Top Company News of the Day
July 16 2018 - 07:30PM
Dow Jones News
Netflix Shares Skid as Subscriber Growth Misses Its Mark
Netflix registered more than a million fewer subscribers than it
expected in the second quarter, a sign that the streaming-video
site's strong momentum may be slowing. Shares fell 14% in
after-hours trading.
Amazon Website Hit With Glitches as Shoppers Seek Prime Day Deals
Amazon's website and mobile application were plagued by outages
as the online retail giant kicked off its annual sales event, Prime
Day.
FCC Head Has Concerns With Sinclair-Tribune Media Deal
A top federal communications regulator said he had "serious
concerns" about Sinclair Broadcast's $3.9 billion acquisition of
Tribune Media.
Bank of America's Profit Rises 33%
Bank of America reported higher earnings in its second quarter
as U.S. interest rates' upward climb helped the lender's
results.
Boeing and Airbus Land $43 Billion Worth of Airliner Orders
The deals boost pressure on both plane makers to ramp up
production further even as supply-chain bottlenecks that have
hampered output this year.
Whirlpool Wanted Washer Tariffs. It Wasn't Ready for a Trade Showdown.
Trade barriers can ricochet through an economy in ways even
proponents don't expect, as shown by washers, among the first
consumer products targeted. The protection against overseas
competitors has been more than negated by subsequent metals
tariffs. Prices are up and demand is softening.
Warren Buffett Donates $3.4 Billion of Berkshire Hathaway Stock to Charities
Berkshire Hathaway Inc. Chairman Warren Buffett has donated
shares valued at $3.4 billion to five foundations, marking another
round in his pledge to donate most of his wealth to charities and
philanthropic endeavors.
BlackRock's Investor-Cash Inflows Slide
BlackRock pulled in $20 billion in new investor cash in the
second quarter, its lowest haul in two years as a global trade rift
made investors increasingly skittish.
J.B. Hunt Profit, Revenues Soar on Surging Freight Demand
Transportation operator leads off second-quarter earnings
reports for sector saying it saw double-digit gains in trucking,
rail pricing measures.
Uber Faces U.S. Probe Over Alleged Gender Discrimination
Uber is the subject of an investigation by the U.S. Equal
Employment Opportunity Commission stemming from a complaint about
gender inequity, part of a series of probes of the ride-hailing
giant.
(END) Dow Jones Newswires
July 16, 2018 19:15 ET (23:15 GMT)
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