News Highlights: Top Company News of the Day
26 April 2018 - 12:30AM
Dow Jones News
Facebook Revenue Surges Nearly 50%
Facebook recorded rising revenue and profits in the first
quarter as advertisers were undeterred by the uproar around the
site's handling of user data and struggles to police its
platform.
Ford's Profit Rises Amid Progress on Cost Cutting
Ford plans to boost profit margins faster than initially
forecast, saying it will slash capital spending in coming years and
kill iconic vehicle lines that are unprofitable.
AT&T's Revenue Suffers as Cord-Cutters Hurt
AT&T Inc.'s quarterly revenue declined as growth in the
company's streaming video service wasn't enough to offset losses of
more profitable wireless and satellite accounts.
Comcast Pursues Sky, Sizes Up Bigger Move for Fox Assets
Comcast has submitted a $31 billion bid to buy Sky, prompting
the European pay-TV operator to drop its backing for a takeover by
Fox and setting up a bidding war.
Danaher Approached GE About Deal for Life-Sciences Unit
Danaher recently expressed interest in a deal for GE's life-
sciences business, but GE didn't engage and isn't interested in a
deal.
Qualcomm's Profit Tumbles as Royalty Disputes Continue
Qualcomm said its profit plunged 52% from a year earlier as it
dealt with a tangle of challenges, including Apple and Huawei
Technologies continuing to withhold royalties.
ConocoPhillips Wins Ruling Against Venezuelan Oil Company
ConocoPhillips won a $2 billion arbitration against Venezuela's
state-controlled oil company over the 2007 expropriation of two oil
projects, though it faces obstacles collecting the award.
Activist Investor TCI Has Built Stake of Over 4% in Fox
London-based activist investor Chris Hohn has built a roughly $3
billion stake in 21st Century Fox, a position that makes him one of
the largest holders of a company at the center of a global takeover
battle.
PayPal Profit Up on Mobile Payments, Cross-Border Trade
PayPal said on Wednesday that first-quarter profit rose by
one-third thanks to increases in mobile payments and cross-border
trade.
Senate Banking Chairman Chastises Citibank, Bank of America on Guns
The criticism centers on moves by the banks to stop doing some
business with the gun industry after the deadly shooting in
February at a Florida high school.
(END) Dow Jones Newswires
April 25, 2018 19:15 ET (23:15 GMT)
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