News Highlights: Top Company News of the Day
27 April 2018 - 12:30AM
Dow Jones News
Amazon More Than Doubles Its Profit
The online retail firm more than doubled its quarterly profits
despite spending heavily on building more warehouses and devices,
as well as bulking up on assets for its delivery network and video
content.
Cloud Business Boosts Microsoft's Earnings
Microsoft extended its streak of wins in the latest quarter as
it moves into an era where its Windows franchise plays a supporting
role to its burgeoning cloud-computing operations.
Wells Fargo's 401(k) Practices Probed by Labor Department
The Labor Department is examining whether Wells Fargo has been
pushing participants in low-cost corporate 401(k) plans to roll
their holdings into more expensive individual retirement accounts
at the bank.
Intel's Higher Profit Shows Firm Shaking Off Chip Flaws
Intel's quarterly profit rose as the chip giant showed no impact
from revelations earlier this year of critical security flaws in
its processors.
Starbucks Chief Vows to Learn From Philadelphia Arrests
Starbucks CEO Kevin Johnson promised to prevent an incident like
the arrest of two black men at one of its coffee shops in
Philadelphia this month from happening again.
China's HNA in Talks to Sell European Transportation Business
Chinese conglomerate HNA Group Co., under pressure to cut its
debt load, is in exclusive talks to sell its European and Canadian
transportation and logistics business to infrastructure investor I
Squared Capital for north of 1 billion euros ($1.21 billion).
AT&T's Tab Awaiting Time Warner Takeover Hits $1.4 Billion
Even if a federal judge sides with AT&T Inc. in its fight to
take over Time Warner Inc. for $85 billion, victory won't have come
cheap.
Chipotle CEO Says No to Breakfast, Yes to Longer Hours
Chipotle Mexican Grill's new chief executive said his recipe for
reviving the burrito maker is simple: focus on improving the fast
service and relatively simple menu that made the chain so popular
to begin with.
Southwest Bookings Fall After Fatal Accident
Southwest Airlines said bookings have dropped since last week's
fatal accident as the company and rival carriers also face a sharp
jump in fuel prices, prompting some to raise fares.
GM's Profit Sinks on Restructuring, Other Costs
GM's first-quarter net income sank 60% amid hefty restructuring
costs in South Korea and lost production in the U.S. from planned
factory downtime.
(END) Dow Jones Newswires
April 26, 2018 19:15 ET (23:15 GMT)
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