News Highlights: Top Company News of the Day
July 27 2017 - 11:30PM
Dow Jones News
Uber Approaches GE CEO Jeff Immelt About Top Role
Uber Technologies is considering General Electric Chief
Executive Jeff Immelt among a handful of candidates for its top
position, according to a person familiar with the matter.
Rocket Maker SpaceX's Valuation Soars to $21 Billion
SpaceX has raised as much as $350 million in a new round of
financing that boosted the company's valuation, a vote of
confidence for founder Elon Musk who is seeking to prove the rocket
maker can become a major satellite operator.
Vale Doesn't Expect Samarco Venture With BHP to Restart This Year
Brazilian mining giant Vale said its Samarco joint venture with
BHP Billiton is no longer expected to resume operations this year
after a catastrophic dam disaster in 2015
Baidu Profit Rises in Rebound From Beijing Crackdown
China's internet-search leader Baidu Inc. posted its first
profit increase in three quarters as it earned more money per
advertiser while working to extend its reach beyond its core
business.
Rail Regulator Tells CSX to Fix Service Problems
A freight railroad regulator called on CSX Corp. to address
"serious issues" causing delays, congestion and other problems, the
latest setback for the railway as it attempts to revamp its
operations.
UAW Removes 'Narrow Universe of People' Amid Training-Fund Allegations
The United Auto Workers union has removed "a narrow universe of
people" it believes to have been connected to an alleged conspiracy
to use auto-worker training funds for extravagant personal
purchases, according to people familiar with the matter
Amazon's Expansion Costs Take a Toll
Amazon said quarterly profit fell 77% even as sales jumped, a
sign of the high cost of its increasing dominance of retail. The
company posted $197 million in profit as it spent on new
warehouses, delivery capacity and data centers.
Trump Comments on U.S. Factories Make It Awkward for Apple
Thanks to comments made by President Donald Trump, Apple
suddenly faces new pressure to build factories in the U.S.
Intel Finds Room to Boost Revenue
Intel Corp. said adjusted quarterly profit increased as the
company posted revenue growth in many of its units despite growing
competition in core markets.
Lehman 'Double Dip' Trader Denied Bulk of $83 Million Bonus
A federal appeals court refused to let an ex-Lehman Brothers
Inc. bond trader collect the bulk of an $83 million "double dip"
for bonuses he claimed he was owed in the defunct broker-dealer's
liquidation.
(END) Dow Jones Newswires
July 27, 2017 23:15 ET (03:15 GMT)
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