News Highlights: Top Company News of the Day
April 26 2017 - 1:15PM
Dow Jones News
Twitter Revenue Slides for First Time Ever
Twitter reported its first quarterly decline in revenue since
going public, highlighting the stagnation the social-media company
is battling. Still, results weren't as bad as the market had
expected, vaulting shares 11%.
Boeing Shaking Up Supply Chain
Boeing could bring more work in-house as part of an effort to
reduce the cost of building jetliners that also includes
introducing more automation and job cuts.
Pepsi Says Pricing Lifts Results
PepsiCo Inc. said higher pricing helped boost results in the
latest quarter as volumes of its snacks and beverages in North
America were pressured amid shifting consumer tastes.
Credit Suisse to Raise Capital, Ditch Sale of Swiss Unit
Credit Suisse said it planned to raise about $4 billion of fresh
capital and abandon plans for a partial sale of its Swiss unit as
the banking giant reported a first-quarter profit that topped
analysts' expectations.
Airbus CEO Investigated in Eurofighter Corruption Probe
Airbus SE Chief Executive Tom Enders is under investigation over
alleged corruption in the sale of Eurofighter Typhoon combat
jets.
Europe's Car Makers See Light at the End of the Tunnel
The European car industry received a confidence boost Wednesday
as the Continent's manufacturers continued to post a raft of
positive first-quarter results, raising expectations that the
region will soon join the U.S. in returning to its precrisis record
for new vehicle sales.
ESPN to Lay Off 100 Employees
Walt Disney's ESPN is laying off about 100 employees, including
on-air talent, as it further looks to cut costs amid challenging
times in the pay-TV business.
From Diaper to Soda Makers, Big Brands Feel Pinch of Consumer Pullback
Slowed spending cut into results for Procter & Gamble,
PepsiCo and Nestlé, and executives blame a range of factors
including higher gas prices, bad weather and a growing affinity for
beards.
Procter & Gamble Warns Sales Could Decline
Procter & Gamble struggled to gain sales traction in the
latest period and the top line slipped below estimates in the
company's second full quarter since shedding the bulk of its beauty
business.
State Street Hurt by Hedge-Fund Outflows
State Street Corp. posted increases in assets under custody and
administration, as market appreciation and growth in U.S. asset
managers and electronically traded fund flows were partially offset
by continued outflows from hedge funds.
(END) Dow Jones Newswires
April 26, 2017 13:00 ET (17:00 GMT)
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