News Highlights: Top Company News of the Day
October 17 2018 - 5:15AM
Dow Jones News
Goldman Sachs, Morgan Stanley Show Wall Street Charging Ahead
Goldman Sachs and Morgan Stanley both reported sharply higher
third-quarter profits Tuesday, wrapping up a week of big-bank
earnings reports that reflect the strength of a U.S. economy
shrugging off geopolitical turmoil.
Can U.S.-China Tensions Derail Two Big Deals?
Chinese regulators have yet to give their blessing to two major
deals involving U.S. companies. Now would be a bad time for Beijing
to arouse more hostility in Washington.
Roche Sales Buoyed by New Drugs
Swiss pharmaceuticals giant Roche said its nine-month group
sales rose to
Danone Sales Fall
Danone said reported sales in the third quarter fell as a result
of negative currency effects, but the company confirmed its
full-year guidance.
BHP Billiton Iron-Ore Output Falls
BHP Billiton said quarterly iron-ore production was higher on a
year ago but down on the period immediately prior because of
maintenance work that disrupted its mining operations in remote
northwest Australia.
Uber Proposals Value Company at $120 Billion Ahead of Possible IPO
The ride-hailing company recently received proposals from banks
valuing it at as much as $120 billion in an initial public offering
that could take place early next year.
Netflix Reports Strong User Growth
Netflix exceeded expectations for adding new subscribers during
the third quarter, reporting strong user growth in international
markets. Shares jumped after-hours.
United Boosts Profit Outlook as Fares Climb
The No. 3 U.S. airline reports revenue growth pushed past higher
jet-fuel costs as it increased passenger capacity at its hubs.
IBM's Revenue Shrinks Again
IBM reported third-quarter revenue that fell 2.1% from a year
earlier, snapping a brief return to growth that had ended nearly
six years of shrinking sales.
Facebook Accused of Failing to Disclose Ad Errors Sooner
Facebook knew of problems with how it measured viewership of
video ads for more than a year before it disclosed them in 2016,
according to a complaint filed Tuesday by some advertisers.
(END) Dow Jones Newswires
October 17, 2018 05:00 ET (09:00 GMT)
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