What's News: Business & Finance -- WSJ
July 27 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 27, 2017).
Foxconn said it would build a $10 billion plant in Wisconsin to
make display panels, the company's first major U.S. investment.
Samsung delivered record-breaking results, positioning the tech
giant to top Apple in quarterly profit.
Facebook's profit jumped 71% in the second quarter, as the
company looks beyond its news feed to slot ads.
The Fed signaled readiness to start shrinking its bondholdings
as soon as September, as it held rates steady.
Treasury yields fell slightly and the dollar dipped after the
central bank issued its policy statement.
U.S. stock indexes hit records as earnings continued to beat
estimates. The Dow rose 97.58 to 21711.01.
Viacom is out of the running to acquire Scripps Networks,
leaving Discovery as the only remaining suitor.
The U.K. said it would ban the sale of cars powered by
traditional internal-combustion engines by 2040.
Boeing earnings beat forecasts, lifting shares 10%, as the firm
clamped down on the cost of building jets.
Goldman and Fidelity struck a partnership that will enable the
Wall Street firm to move deeper into lending.
Ford's net rose 4% on a lower tax rate and financing-arm
profits, but shares fell on revised 2017 guidance.
Berkshire Hathaway won a round against Elliott Management in the
competition for Texas utility Oncor.
(END) Dow Jones Newswires
July 27, 2017 02:47 ET (06:47 GMT)
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