News Highlights: Top Company News of the Day
April 26 2019 - 11:30AM
Dow Jones News
Slack IPO Filing Shows Sharp Revenue Growth but Continued Losses
Slack Technologies published plans for its unusual initial
public offering, detailing financial results of a fast-growing
business whose software has become the main method of communication
for some customers.
Ford Discloses Justice Department Probe Into Emission Certifications
The Justice Department has started a criminal investigation of
how Ford Motor certifies vehicles to meet U.S. emissions standards,
the auto maker said in a securities filing.
Big Oil Profits Fall as Geopolitics Weigh on Refining
The world's largest oil companies are reporting underwhelming
first-quarter profits as geopolitical challenges and weaker prices
have produced anemic results.
Grubhub Won't Fizzle as Competitors Sizzle
Grubhub says it's taking a disciplined approach to marketing
spending amid a battle for market share.
Uber Outlines First-Quarter Results After Cutting Valuation Target
Uber moved its target valuation lower, setting a range of about
$80.5 billion to $91.5 billion for its initial public offering, and
gave hungry investors a look at its first-quarter financials.
American Lowers Outlook on Flight Groundings, Higher Fuel Prices
American Airlines cut its full-year earnings outlook, saying the
grounding of Boeing 737 MAX jets and higher fuel prices will weigh
on profit.
Severe Weather Weighs on Archer Daniels Midland
Severe weather in the U.S. Farm Belt hampered Archer Daniels
Midland's first-quarter results, as the company reported weaker
profit due to flooding and cold temperatures in the region.
Colgate-Palmolive Reports Higher Organic Sales
Colgate-Palmolive improved its organic sales growth in the last
quarter as the consumer goods company continued to grow in emerging
markets and developed markets
Deutsche Bank Cuts Revenue Target a Day After Merger Talks Fail
Deutsche Bank disclosed a disappointing revenue outlook Friday,
sending its stock lower and highlighting the difficult road ahead a
day after merger talks with Commerzbank failed.
Daimler Earnings Slump as Weaker China Sales Hits Mercedes
The German luxury car maker reported a 37% drop in first-quarter
earnings in its core car division, citing weak sales in China and a
rapidly slowing global economy that hit its business in major
markets.
(END) Dow Jones Newswires
April 26, 2019 11:15 ET (15:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.