News Highlights: Top Company News of the Day
October 17 2017 - 11:15AM
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.
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.
Uber Likely to Reach a Deal With SoftBank in One Week
Uber is likely to reach a resolution within a week in talks with
SoftBank over pricing for a complicated investment deal that could
give the Japanese company a sizable stake, an Uber board member
said.
Microsoft Adds Surface Book 2 to Its Lineup
Even as personal computer sales slow, Microsoft Corp. is adding
yet another model to its growing line of Surface computers.
Volvo Unveils a Direct Challenge to Tesla
In a direct challenge to Tesla, Volvo Cars unveiled its first
high-performance electric-car model in Shanghai on Tuesday,
doubling down on its commitment to make only electric or hybrid
vehicles starting in 2019.
Airbus Secures Canadian Wingman in Dogfight With Boeing
Airbus and Boeing typically slug it out at air shows and on
factory floors but the rivalry took a different turn with the
European group's deal to take a majority stake in Bombardier's
CSeries jet project.
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 Revenue Grows Despite ACA Exit
UnitedHealth Group's core insurance and health-services
businesses grew in its latest quarter, despite a dent in revenue
caused by the company's decision to pull out of most Affordable
Care Act markets.
Barclays Poaches HSBC Investment Banker
Barclays has poached a senior investment banker from HSBC to
co-head its mergers and acquisitions operations, an appointment
that comes at a time when the bank is involved in some of the most
high-profile U.K. cross-border deals.
(END) Dow Jones Newswires
October 17, 2017 11:00 ET (15:00 GMT)
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