What's News: Business & Finance -- WSJ
July 21 2018 - 03:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (July 21, 2018).
Facebook suspended another company that harvested data from its
site and is probing whether the firm's contracts with the U.S.
government and a Russian nonprofit violate its policies.
GE's second-quarter profit dropped 30% from a year earlier as
weakness in its power division continued to offset growth in other
major units.
Cushman & Wakefield aims to raise about $750 million from an
IPO that would value the firm at about $6 billion.
Honeywell said sales are exceeding expectations on strong demand
from its aviation and defense customers.
Oil producers are ordering more equipment and lining up drilling
rigs, indications that international activity is picking up.
U.S. stocks inched lower as White House remarks on monetary
policy sent the dollar and government bond prices sliding. The Dow
fell 6.38 points to 25058.12.
The yuan took its largest one-day tumble in two years before
recovering on worries over the U.S.-China trade clash.
(END) Dow Jones Newswires
July 21, 2018 02:47 ET (06:47 GMT)
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