News Highlights: Top Company News of the Day
April 28 2017 - 05:30AM
Dow Jones News
Barclays Net Profit Tumbles on Africa Write-Down
Barclays said its net profit fell by more than half in the first
quarter of the year, as the British bank's bottom line was stung by
the cost of shedding its African business and weaker-than-expected
returns at its investment bank.
UBS Profit Surges, Beats Forecasts on Wealth-Management Gains
The Swiss bank posted first-quarter net income of $1.31 billion,
beating analysts' expectations, buoyed by gains in its
investment-banking and wealth-management businesses.
RBS Swings to Better-Than-Expected Quarterly Profit
Royal Bank of Scotland posted a bigger than expected net profit
in the first quarter and said it is still on track for a full-year
profit next year.
Thales to Buy U.S. Big-Data Analysis Firm Guavus
France's Thales is acquiring U.S. big-data analysis firm Guavus
amid a wider push by U.S. and European aerospace and defense
companies to capitalize on the vast amount of information their
sophisticated systems collect.
Sony Expects Operating Profit to Surge to $4.5 Billion
Sony said operating profit for this fiscal year will likely be
one of the strongest in the company's 71-year history, buoyed by
its game, semiconductor and financial units.
Alphabet, Amazon Extend Earnings Boom
Amazon and Google parent Alphabet reported booming quarterly
sales and profits, showing that the tech giants continue to extend
their dominance and shuck off concerns that might have dampened
growth.
Tech's Titans Go From Big to Bigger
The newfound prominence of big tech companies now can be chalked
up to a few factors.
Third Point Calls for Honeywell to Spin Off Aerospace Unit
Activist investor Third Point LLC disclosed it has taken a stake
in Honeywell International Inc. and called on the conglomerate's
newly appointed chief executive to spin off its aerospace
business.
Uber's Self-Driving Car Chief Steps Aside
Anthony Levandowski, the man at the center of Uber Technologies
Inc.'s legal spat with rival Alphabet Inc. over allegedly stolen
self-driving car technology, is stepping aside as chief of the
high-profile project.
Baidu's Finance Chief Moves to Investment Arm
The CFO of Chinese search engine Baidu, Jennifer Li, is stepping
aside for a new job at the company, the latest in a series of
high-level personnel changes as Baidu seeks to catch up with rivals
Alibaba and Tencent.
(END) Dow Jones Newswires
April 28, 2017 05:15 ET (09:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.