News Highlights: Top Company News of the Day
15 October 2018 - 10:30PM
Dow Jones News
Steelworkers, U.S. Steel Reach Tentative Contract Agreement
The United Steelworkers union has struck a tentative agreement
for a new labor contract with U.S. Steel Corp.
Sears Seeks to Repair Fraying Supply Chain in Bankruptcy
The retailer says about 200 suppliers recently stopped shipping
goods and that it needs to pay transportation carriers and
logistics companies to keep remaining merchandise moving.
Adobe Sees Expanded Addressable Market
Adobe Systems said it now sees a better financial opportunity
and released targets for fiscal 2019 that were roughly in line with
Wall Street expectations.
Bank of America Profit Rises 32%
Bank of America, the second largest U.S. lender by assets,
reported third-quarter net income rose 32% as the bank continued to
benefit from a strong economy, higher interest rates and recent
federal corporate tax changes.
Some Top Wall Street Executives Shun Saudi Conference
The fallout from dissident journalist Jamal Khashoggi's
disappearance may jeopardize what Wall Street saw as a Saudi fee
bonanza, as CEOs of JPMorgan, Blackstone and BlackRock announced
they're pulling out of a high-profile investment conclave this
month.
Icahn to Oppose Dell's Purchase of DVMT Tracking Shares
Carl Icahn revealed an 8.3% stake in DVMT and says he plans to
vote against Dell's plan to buy the stock as part of a deal
intended to return Dell to the public markets.
Delta Signs Up as First Big U.S. Customer for Airbus Data-Tracking
Delta Air Lines has agreed to join an Airbus data-analysis
network that crunches real-time information about airplane
components to spot problems early and improve operations.
Climate Change Holds Risks for Beer Makers, Too
Big brewers are taking steps to maintain supplies of barley, the
main crop used in beer, amid climate change. A new study suggests
their preparations might not be enough.
Porsche Slams the Brakes on IPO Speculation
Porsche reined in its finance chief after he fueled speculation
that the company was discussing a potential listing of a super
luxury group combining Porsche, Lamborghini, Bugatti and Bentley
that could value the group at up to $81 billion.
Upstart Exchange Looks to Profit From Wall Street Fear
MIAX will launch new options on an index for volatility traders.
The SPIKES measure touts itself as a speedier competitor to Cboe's
VIX.
(END) Dow Jones Newswires
October 15, 2018 17:15 ET (21:15 GMT)
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