News Highlights: Top Company News of the Day
July 19 2018 - 11:30PM
Dow Jones News
Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky
Comcast said it was dropping its pursuit for most of 21st
Century Fox, ending a bidding war with Walt Disney, but said it
would continue its pursuit of European pay-TV giant Sky PLC.
Microsoft's Revenue Gets Lift From Cloud
The software giant said it topped $100 billion in annual revenue
for the first time. Revenue from server products and cloud services
rose 26% in the fiscal fourth quarter.
Merck to Limit Drug-Price Increases, Cut Some Prices
Merck & Co. said Thursday it will cut U.S. list prices for
several of its drugs including the hepatitis C treatment Zepatier,
and the company pledged to limit future net price increases.
Google Faces Uphill Battle in Appealing EU Android Fine
Google has a tough task appealing its $5 billion fine from the
European Union, but the challenge isn't insurmountable.
Verizon Reaches New Labor Deal
Verizon Communications reached a tentative four-year agreement
with unions representing more than 30,000 workers. It would take
effect in 2020.
Wells Fargo's Latest Challenge: Refunds for Pet Insurance, Legal Services
Wells Fargo is in the process of refunding tens of millions of
dollars for products ranging from pet insurance to legal services
added to hundreds of thousands of customers' accounts without their
full understanding.
Shares in Ad Giants Fall as Publicis Sales Disappoint
Shares in some of the biggest ad companies tumbled after
Publicis reported revenue below expectations, heightening
investors' concerns.
Alcoa Shares Drop As Investors Worry About Tariff Impacts
Shares of Alcoa Corp. fell 13% on Thursday after the aluminum
maker said the recently enacted U.S. tariffs are hurting its
earnings.
U.K. Shows Unease About Huawei Gear
The U.K. government raised new concerns about the use of
telecommunications gear from Huawei Technologies, stepping back
from previous assertions that the Chinese company's products didn't
present a national security threat.
Goldman Sachs, Once Closed to Outsiders, Is on a Hiring Spree
Goldman Sachs has brought in 15 outsiders at the elite rank of
partner over the past year, the biggest influx of senior executives
in two decades.
(END) Dow Jones Newswires
July 19, 2018 23:15 ET (03:15 GMT)
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