News Highlights: Top Company News of the Day
23 January 2019 - 6:30PM
Dow Jones News
Einhorn's Greenlight Hit by Investor Redemptions
Billionaire hedge-fund manager 's Inc. faced a wave of
redemptions in recent months, pushing his assets below $3
billion.
IBM: Some Blue Sky for Big Blue
Growth remains elusive, but Big Blue's earnings projection
enough to lift downtrodden stock.
Airlines Face Next Test With Earnings
After a punishing 2018, airline stocks are finally starting to
catch up with the broader market. The next round of earnings
results could help determine how long that rebound lasts.
China Regulator Closes Websites, Criticizes Tencent App
Regulators in China continued a crackdown on internet content by
closing hundreds of websites and thousands of mobile apps and
calling out tech titan Tencent Holdings Ltd.'s news app for
spreading "vulgar" information.
Hulu Raises Price of Live TV Service, Cuts Cost of Basic Plan
Hulu is lowering the price for its least expensive subscription
plan while raising the cost of its live TV offering, a move that
aims to bolster its subscriber numbers while increasing the margins
on its most expensive plan.
P&G Raises Outlook After Another Quarter of Strong Sales
Procter & Gamble reported strong quarterly sales growth,
continuing a streak of robust gains and prompting it to raise its
outlook for the year.
Comcast Lifted by Media and Broadband Growth
Comcast said its NBCUniversal media unit and high-speed internet
business fueled growth in the fourth quarter. The company also
raised its quarterly dividend.
Metro, Challenger to U.K.'s Banking Establishment, Drops One-Third in Value
Metro Bank, which became Britain's first new lender in more than
a century when it was launched by an American banker in 2010, lost
over a third of its value Wednesday.
Walmart to Drop Lawsuit Against Credit-Card Issuer Synchrony
Synchrony Financial said Walmart has agreed to dismiss a lawsuit
against the bank that alleged it breached the terms of their
long-running credit-card deal.
Boeing's Autonomous Taxi Takes Flight
Boeing said its prototype for an autonomous air taxi completed a
first test flight, heating up a race among aerospace companies
hoping to transform urban transit.
(END) Dow Jones Newswires
January 23, 2019 13:15 ET (18:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.