News Highlights: Top Company News of the Day
August 21 2018 - 7:15PM
Dow Jones News
JPMorgan To Offer Free Trading for Bank Customers
The bank is rolling out a new investing service for customers
that will offer at least 100 free stock trades for one year.
Coty Feels Strain of $12 Billion Bet on P&G Beauty Business
Nearly two years after Coty paid $12 billion to acquire Procter
& Gamble's beauty business, the deal remains a drag on the
struggling beauty giant. Weak performance of former P&G brands,
including names like CoverGirl makeup and Clairol hair dye, weighed
on sales in the most recent quarter.
Uber Fills CFO Job, Vacant Since 2015
Ride-hailing giant Uber named Nelson Chai as its first chief
financial officer in more than three years, tapping a veteran
banking and insurance executive as next year's planned IPO
looms.
Videogames' Epic Shootout Coming This Fall
This fall the industry will launch a series of major
first-person shooters, while "Fortnite" is poised to begin a new
season. That may prove to be a bit too much action for some game
publishers.
American Airlines Pares International Flights
American Airlines is cutting some unprofitable international
flights after fuel prices rose. Service to Shanghai, Munich and
Toronto will be affected.
Merrill Latest Brokerage to Downplay Money-Market Mutual Funds
Starting Sept. 4, Bank of America Corp.'s Merrill Lynch
brokerage unit will no longer sweep its customers' cash into
money-market mutual funds, moving it instead into deposits at
affiliated banks.
Toll Brothers Profit Jumps as Wealthy Americans Spend
Affluent Americans continue to show confidence in the economy,
boosting spending while shrugging off threats to the economy.
Kohl's, TJ Maxx Continue Strong Run for Retailers
Retailers extended their run of good news on Tuesday with Kohl's
and the parent of T.J. Maxx reporting strong quarterly results.
Airline Stocks Start to Take Off
Shares of airline operators are no longer in free fall, getting
a boost as company projections for the number of passenger seats
that are offered have come down.
New Fiat Chrysler CEO Inherits Marchionne's Unfinished Business
Fiat Chrysler CEO Mike Manley's predecessor built a reputation
as a turnaround specialist but left unresolved the future of FCA's
legacy business in Europe.
(END) Dow Jones Newswires
August 21, 2018 19:00 ET (23:00 GMT)
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