News Highlights: Top Company News of the Day
April 26 2017 - 3:15PM
Dow Jones News
Twitter Revenue Slides for First Time
Twitter said 9 million new monthly-active users joined its
network in the first quarter but revenue fell for the first time
since the company went public, raising questions about how it is
going to hit its goal of becoming profitable this year.
From Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back
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.
Anthem Says ACA Payment Loss Could Cause 20% Premium Hike
Anthem Inc. said the loss of key federal payments that support
Affordable Care Act plans could push premiums up 20% or more and
lead it to pull back from the business.
U.S. Steel Posts Surprise Loss, Plans Mill Upgrades
United States Steel Corp. shares plunged Wednesday on a surprise
quarterly loss and plans to overhaul mills at the expense of profit
this year.
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.
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.
Online, Under Armour Spreads Itself Thin
New research published this month shows Under Armour is selling
many items, particularly premium footwear like its Steph Curry
basketball shoes, at multiple retailers, a level of overlap that
could push prices lower and confuse shoppers in an already
competitive market.
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.
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.
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.
(END) Dow Jones Newswires
April 26, 2017 15:00 ET (19:00 GMT)
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