News Highlights: Top Company News of the Day
January 24 2017 - 9:30AM
Dow Jones News
Verizon Revenue Falls Again
Verizon Communications Inc. posted another decline in revenue
amid a continued drop-off in subscriber additions as a pricing war
continues to drag on the wireless provider's results.
Johnson & Johnson Revenue Rises but Forecast Disappoints
Johnson & Johnson posted revenue and profit increases, but
the health-care giant released an underwhelming forecast for the
year.
Lockheed Martin Sees Lackluster Earnings for 2017
Lockheed Martin said sales of its F-35 fighter helped boost its
quarterly revenue, but the company, which has grappled with
President Donald Trump about the cost of the program, gave a
lackluster projection for 2017.
3M's Fourth Quarter Profit, Revenue Rises
3M Co. said its fourth-quarter earnings and revenue rose, led by
strength in its core industrial unit.
DuPont Sales Fall Ahead of Merger
Chemical giant DuPont, looking to wrap up its merger with Dow
Chemical, said its fourth-quarter revenue fell as sliding crop
prices continued to weigh on its agricultural business.
Alibaba Group Revenue Surges
Chinese e-commerce giant Alibaba Group Holding said
third-quarter revenue rose 54% to $7.7 billion, as Chinese
consumers turned to the internet to buy everything from apparel to
home appliances and food.
Fifth Third's Revenue and Profit Fall
Fifth Third Bancorp said its profit and revenue decreased in its
fourth quarter as loans fell and deposits grew.
Kimberly-Clark Records Small Sales Gain
Kimberly-Clark reported organic sales growth in the latest
quarter as the maker of Kleenex tissues and Huggies diapers, facing
increased competition, eked out a small gain in net sales.
Blackstone Wins Fannie's Backing for Rental Home Debt
Fannie Mae has agreed to backstop up to $1 billion in debt from
Blackstone's Invitation Homes, the country's largest owner of
single-family rental homes.
Google Privacy Policy Change Faces Scrutiny in EU
Alphabet's search giant is facing new scrutiny of its privacy
policies that could compound the company's regulatory challenges.
An altered policy allows it to build more robust user profiles to
accurately target advertising.
(END) Dow Jones Newswires
January 24, 2017 09:15 ET (14:15 GMT)
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