News Highlights: Top Company News of the Day
October 17 2017 - 9:15AM
Dow Jones News
Goldman Posts Surprise Rise in Revenue, Earnings
Goldman Sachs said its third-quarter profit rose 2%, beating
analyst expectations despite a slowdown in its core business of
trading.
Morgan Stanley's Earnings Rise on Strength in Wealth Management
Morgan Stanley said its third-quarter profit rose 12% to $1.78
billion as its giant wealth-management business continued to churn
out reliable and growing profits even as trading revenue
declined.
Harley-Davidson Profit Falls As Slide in Motorcycle Sales Continues
Harley-Davidson on Tuesday reported a 40% drop in quarterly
profit as global sales of its motorcycles continued to slide.
Boeing's Bombardier Fight Blows Up in Its Face
Airbus's deal to acquire Bombardier's CSeries program is a coup.
The risk for Boeing shareholders is that the company now feels
enough small-jet envy that it goes and spends money to do something
about it.
Johnson & Johnson Raises Guidance
Johnson & Johnson increased its sales and profit guidance
for the third quarter in a row as the company's pharmaceutical unit
helped deliver its biggest earnings beat so far this year.
UnitedHealth Profit Rises Despite ACA-Related Costs
UnitedHealth reported an increase in profit and increased its
guidance for the year while it still felt the impacts from pulling
out of Affordable Care Act markets.
Impax Laboratories and Amneal Pharmaceuticals Agree to Merge
Impax Laboratories Inc. and Amneal Pharmaceuticals LLC have
agreed to a merger that would create the nation's fifth-largest
generic-drug company by revenue.
Investor Behind Weinstein Studio Bid Is a Friend to Many in Hollywood
Thomas J. Barrack Jr., the wealthy private-equity investor who
is in negotiations to buy the Weinstein Co., has spent most of his
career trading real estate. But bailing out troubled celebrities
has long been a favorite hobby.
Credit Suisse Targeted for Breakup by Little Hedge Fund With Big Plans
A small but top-performing activist hedge fund has set its
sights on an ambitious target: splitting Credit Suisse in
three.
U.K. Strengthens Powers to Block Foreign Takeovers on Grounds of National Security
The U.K. government moved to extend its powers to block foreign
acquisitions of British companies that threaten national security
to include makers of advanced technology alongside military
equipment manufacturers.
(END) Dow Jones Newswires
October 17, 2017 09:00 ET (13:00 GMT)
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