What's News: Business & Finance -- WSJ
July 19 2017 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (July 19, 2017).
Discovery is in talks to combine with Scripps Networks, a deal
that would unite two firms trying to chart a course in a cable-TV
industry that faces pressures.
Foreigners are buying U.S. homes at a record rate, helping push
up prices in coastal cities already squeezed by supply
shortages.
Goldman reported a 40% decline in its fixed-income trading
business, deepening questions about the bank's strategy.
IBM posted falling quarterly profit and sales, adding to doubts
about CEO Rometty's lengthy effort to reinvent the company.
Bank of America said profit climbed 10% as the bank continued to
benefit from Fed rate increases.
UnitedHealth reported profit growth and lifted forecasts, fueled
by its Optum health-services arm.
J&J raised its sales and revenue outlook for the year even
as second-period pharmaceutical revenue fell.
Daimler said it would tweak the engine software on diesel
vehicles amid emissions-cheating probes.
The Dow fell 54.99 points to 21574.73, as the dollar and
government-bond yields came under fresh pressure.
United said net rose 39%, the latest airline to find success
offering a wider range of fare categories and fees.
Chipotle temporarily closed a restaurant in Virginia after
learning of a "small number" of illnesses.
-0-
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (July 19, 2017).
Discovery is in talks to combine with Scripps Networks, a deal
that would unite two firms trying to chart a course in a cable-TV
industry that faces pressures.
Foreigners are buying U.S. homes at a record rate, helping push
up prices in coastal cities already squeezed by supply
shortages.
Goldman reported a 40% decline in its fixed-income trading
business, deepening questions about the bank's strategy.
IBM posted falling quarterly profit and sales, adding to doubts
about CEO Rometty's lengthy effort to reinvent the company.
Bank of America said profit climbed 10% as the bank continued to
benefit from Fed rate increases.
UnitedHealth reported profit growth and lifted forecasts, fueled
by its Optum health-services arm.
J&J raised its sales and revenue outlook for the year even
as second-period pharmaceutical revenue fell.
Daimler said it would tweak the engine software on diesel
vehicles amid emissions-cheating probes.
The Dow fell 54.99 points to 21574.73, as the dollar and
government-bond yields came under fresh pressure.
United said net rose 39%, the latest airline to find success
offering a wider range of fare categories and fees.
Chipotle temporarily closed a restaurant in Virginia after
learning of a "small number" of illnesses.
(END) Dow Jones Newswires
July 19, 2017 02:47 ET (06:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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