News Highlights: Top Company News of the Day

Date : 17/07/2019 @ 19:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

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 15:15 ET (19:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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