News Highlights: Top Company News of the Day
July 21 2017 - 9:30AM
Dow Jones News
General Electric Makes Progress on Cost-Cutting
General Electric improved its cash flow and ramped up cost
cutting efforts-two areas of investor focus-in Chief Executive Jeff
Immelt's last quarter at the helm.
Private-Equity Giants Wade Into Payments-Sector Frenzy
Blackstone and CVC have teamed up on a $3.8 billion bid for U.K.
online payments processor Paysafe Group, joining a wave of
consolidation in the payments sector.
Wal-Mart, Amazon Rivalry Spreads to Forklifts
Wal-Mart has agreed to invest in Plug Power Inc. and buy more of
its fuel-cell-powered machines, a move that mirrors a deal struck
by Amazon earlier this year.
Reliance's Ambani Launches Low-Cost Mobile Phone for India
India's richest man said his cellular company has developed an
inexpensive, web-enabled mobile phone for the masses, a move that
could force some of the world's leading phone makers to slash
prices to stay competitive.
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.
The Rise of AIG's New CEO
Brian Duperreault began his career at AIG, and he now returns as
CEO with a plan to grow the struggling insurance giant.
Big Tobacco Finds Surprise Allies in Smokeless Push
Tobacco companies want U.S. regulators to bless smokeless
tobacco as a safer alternative to smoking, as cigarette consumption
falls. In its campaign, Big Tobacco has unusual supporters: some
public-health advocates.
NASA Finds Ways to Prevent Battery Fires
NASA research to prevent catastrophic fires on vehicles in orbit
soon is expected to make personal robots, audio gear and other
electronics safer on the ground.
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.
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.
(END) Dow Jones Newswires
July 21, 2017 09:15 ET (13:15 GMT)
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