News Highlights: Top Company News of the Day
April 27 2017 - 1:30PM
Dow Jones News
Comcast Results Top Expectations as Cable Giant Preps for Wireless Entry
Comcast's results offered a glimpse into why it is jumping into
the wireless business: Consumers don't want a landline phone
anymore, limiting the appeal of its lucrative "triple play"
bundles.
Another Large Investor Calls on Whole Foods to Explore Sale
Mutual-fund manager Neuberger Berman is calling on Whole Foods
Market to explore a sale, a few weeks after activist investor Jana
Partners disclosed a nearly 9% stake in the grocery chain and
called for a similar review.
Uber Interviews Heavyweights for a Crucial Job: Handling Travis Kalanick
The ride-sharing giant has approached current or former
officials from companies including Disney, Wal-Mart and CVS in a
bid to revamp operations and bring discipline to its culture.
Under Armour Posts Its First Ever Loss
Under Armour posted its first ever quarterly loss as a public
company, as its top line suffered from sluggish performance in key
North American business.
UPS Revenue Growth Outpaced by Rising Costs
United Parcel Service still has work to do to show that it can
preserve profits amid rising delivery costs, which bit into the
bottom line even as higher rates and surcharges boosted
revenue.
Ford's Profit Falls 35%
Ford's first-quarter net income fell 35%, but results beat Wall
Street expectations, sending the stock price up.
Samsung, Facing Calls for a Shake-Up, Offers 'Plan B'
Samsung Electronics surprised investors and South Korean
lawmakers by saying the conglomerate would cancel some $35 billion
in legacy treasury shares and forgo restructuring into a holding
company.
Verizon Invests in Self-Driving Car Startup Renovo
Verizon has invested in Renovo Auto, an autonomous-vehicle tech
startup best known for turning a vintage DeLorean into a
self-driving car.
What Can Stop the World's Best Selling Drug?
AbbVie rides its blockbuster anti-inflammatory drug, Humira, to
another strong quarter, but the question remains: How long can this
juggernaut can last?
Airbus Still Struggling to Hit Delivery Targets
European plane maker Airbus faces another year of scrambling to
meet full-year delivery targets after falling behind in the first
three months because of problems with a key engine supplier.
(END) Dow Jones Newswires
April 27, 2017 13:15 ET (17:15 GMT)
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