News Highlights: Top Company News of the Day
July 20 2017 - 9:30PM
Dow Jones News
Blackstone Made Bid to Buy Hotel Investor RLJ Lodging Trust
Blackstone Group recently made a roughly $3 billion bid to buy
RLJ Lodging Trust, a move that if successful would end RLJ's
agreement to acquire rival hotel investor FelCor Lodging Trust.
Microsoft Profit Jumps, Fueled by Cloud Computing
Microsoft continued its rebirth as a force in cloud-computing,
posting stronger-than-expected gains in its business of selling
web-based services to corporate customers.
Visa Raises Outlook as Results Beat Views
Visa raised its financial targets for the year as quarterly
results beat Wall Street expectations, driven by a higher number of
transactions.
U.S. and Exxon Spar Over Russia Sanctions Violation
The U.S. Treasury Department imposed a $2 million fine on Exxon
Mobil Corp. for what it called a "reckless disregard" of U.S.
sanctions on Russia while Secretary of State Rex Tillerson was the
oil giant's chief executive, a finding the company immediately said
it would challenge.
Capital One Profit, Revenue Rise
Capital One Financial's second-quarter results beat analyst
estimates and were helped by a ramp-up in credit-card balances
industrywide and the rise in interest rates.
U.S. Activist Investors Raise Stake in Clariant
A group of U.S. activist investors has pushed its stake in
Clariant past 10%, injecting more uncertainty into the Swiss
company's bid to create a $14 billion chemicals giant through a
merger with U.S.-based Huntsman.
U.S., Overseas Airlines Enhance Foreign Airport Security
Hundreds of foreign airports and U.S. and overseas airlines have
made security enhancements necessary for passengers traveling
direct to the U.S. to carry laptops into the cabin, the Department
of Homeland Security said.
Global Crackdown Closes Two Large Illegal-Goods Websites
Two of the world's largest online marketplaces for criminal
goods have been shut down in a global operation that also resulted
in the arrest of their owners and the freezing of millions of
dollars in alleged criminal proceeds.
GM Eases Summer Production of Chevrolet Bolt
Workers assembling General Motors Co.'s Tesla fighter are taking
a month off this summer amid lukewarm demand, a sign American car
buyers are showing little interest in vehicles that rely solely on
battery power to get from Point A to B.
Apollo Prepares IPO for ADT
Private-equity firm Apollo Global Management is preparing an
initial public offering for ADT, just a year after it bought the
home-security company.
(END) Dow Jones Newswires
July 20, 2017 21:15 ET (01:15 GMT)
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