News Highlights: Top Company News of the Day
19 October 2018 - 10:30AM
Dow Jones News
Tech Startups Stoke Market for IPOs
After years on the stock market's sidelines, a number of highly
valued Silicon Valley companies are gearing up to go public as soon
as next year. Among the IPO candidates are ride-sharing companies
Uber Technologies and Lyft, and data-mining specialist Palantir
Technologies.
Michelin Warning Drags Down Tire Makers
Shares in European tire manufacturers fell after Michelin
lowered its outlook for the year, warning that a decline in
European and Chinese sales would continue into the fourth
quarter.
Remy Cointreau Sales Lifted by Asia
Remy Cointreau said its sales growth accelerated in the second
quarter, aided by strong trends in the Asia-Pacific region.
Volvo Profit Beats Estimates
Volvo posted a forecast-beating 38% rise in third-quarter net
profit but said it was still scrambling to meet surging demand for
its trucks, particularly in North America, a problem it has been
tackling for the last few quarters.
London Stock Exchange Bolsters LCH Stake
London Stock Exchange Group said it will spend up to EUR438 to
increase its stake in clearing house LCH, while reporting
third-quarter revenue growth.
DowDuPont to Record $4.6 Billion Charge as Agriculture Unit Suffers
DowDuPont's agriculture unit is taking a $4.6 billion charge in
the third quarter after the business lowered its long-term
expectations on sales and profits, a move that underscores
challenges agribusinesses are facing in the Americas.
AmEx Raises Forecast, as Card Business, Merchant Count Grows
The financial-services company, which is on track to post a
record year in terms of profit and revenue, on Thursday raised its
annual forecast, thanks to growth in its card business, merchant
network and lending.
Coca-Cola Shuffles Executives; CEO Names a No. 2
CEO James Quincey promoted company veteran Brian Smith into
Coca-Cola's vacant No. 2 role and disclosed the retirement of
finance chief Kathy Waller.
CBS Names Two Showtime Executives to Senior Positions
CBS promoted two executives from subsidiary Showtime to senior
leadership positions at CBS as the media company works to remake
itself after a recent tumultuous stretch.
StarKist to Plead Guilty in Price-Fixing Probe
StarKist has agreed to plead guilty to a felony antitrust
offense for fixing prices on canned tuna and faces a fine of up to
$100 million, the Justice Department said Thursday.
(END) Dow Jones Newswires
October 19, 2018 05:15 ET (09:15 GMT)
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