News Highlights: Top Company News of the Day
17 July 2019 - 8:15PM
Dow Jones News
Boeing Hires Kenneth Feinberg to Handle 737 Max Claims
The aircraft manufacturer has hired victim-compensation attorney
Kenneth Feinberg to distribute $50 million to families who lost
relatives in two crashes involving its 737 MAX planes.
China's Didi Seeks to Raise Up to $2 Billion Amid Uber Revival
Chinese ride-hailing company Didi Chuxing Technology is looking
to raise fresh funds in the hope that investor enthusiasm in the
sector has recovered after initial public offerings of Uber and
Lyft.
Grandvision Confirms Takeover Approach by EssilorLuxottica
Grandvision confirmed that it has been approached about the
possible sale of HAL Holding's 76.72% stake in the company to
French eyewear giant EssilorLuxottica.
Omnicom Defends Its Data Strategy After Rivals Make Big Deals
Omnicom Group Inc. continued to justify its decision to rent
data services instead of making large acquisitions, a sign that the
ad holding company will continue to swim against the tide of its
competitors.
Consumers Lift Profit at Bank of America
U.S. consumers propelled Bank of America's profit in the latest
quarter, though the bank warned it could take a hit from any
Federal Reserve rate cuts.
Amazon Faces Probe in Europe Over Third-Party Selling
Amazon will face a formal EU antitrust investigation into its
dealings with third-party merchants, expanding a multipronged
regulatory push that has ensnared other Silicon Valley giants.
Airline Profits Are Flying but Investors Don't Care
Business is flying at U.S. airlines, but investors don't want
much to do with the sector. One side of this equation needs to
change.
CVS Begins Trial for Home-Dialysis Device
CVS is making a move into kidney care, launching a clinical
trial for a home-dialysis device. The company is working to
capitalize on a Trump administration initiative pushing for home
procedures.
PNC Financial's Profit Lifted By Loans, Revenue
PNC's profit increased in the second quarter, driven by strong
growth in loans, deposits and revenue.
U.S. Bancorp Reports Higher Earnings
Profit at U.S. Bancorp, one of the country's largest regional
lenders, rose in the second quarter helped by higher revenue.
(END) Dow Jones Newswires
July 17, 2019 15:00 ET (19:00 GMT)
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