News Highlights: Top Company News of the Day
October 19 2017 - 7:15PM
Dow Jones News
Microsoft's Market Value Hits a Dot-Com Era Milestone: $600 Billion
Microsoft's value is returning to tech-bubble peaks. The
software giant closed with a market value of $600 billion Thursday
for the first time since Jan. 3, 2000.
Verizon Continues to Win Wireless Subscribers
Verizon Communications Inc. boosted its subscriber rolls in the
third quarter, a sign the carrier's return to unlimited data plans
earlier this year has stanched customer defections.
PayPal Posts Stronger-Than-Expected Results on Mobile Growth
PayPal Holdings said its third-quarter profit rose 18% from a
year earlier, thanks in part to new records in customer accounts
and the payment volume it processed.
Target Expands Store Makeovers
Target Corp. said it would expand plans to remodel its existing
supercenters and open smaller stores in cities, as the retailer
seeks to win back shoppers in the competitive retail
environment.
GM Reaches $120 Million Ignition-Switch Settlement
General Motors has agreed to pay $120 million to settle a
multistate probe of its mishandling of an ignition-switch defect,
the latest financial hit to the Detroit auto giant over a safety
crisis linked to numerous deaths and injuries.
Chevron Temporarily Suspending Operations in Iraqi Kurdistan
Chevron is temporarily suspending its operations in Iraqi
Kurdistan, as an Iraqi backlash against Kurdish independence is
quickly reordering the region's booming energy business.
Facebook to Test News-Subscription Sign-up
Facebook will soon begin testing a feature that will allow news
publishers to sign up subscribers through its Instant Articles
program.
Former Dean Foods Chairman Gets 2 Years for Insider Trading
A federal judge sentenced Thomas C. Davis, the former chairman
of Dean Foods Co., to two years in prison for engaging in a
long-running insider trading scheme with legendary Las Vegas
gambler William "Billy" Walters.
Trick or Treat? Italian Candy Maker Comes Knocking on U.S. Door
Italian confectioner Ferrero just bit off another piece of the
U.S. candy market and is already thinking about taking a much
bigger bite-a bid to buy Nestlé's U.S. candy business.
U.K. Regulator Asks Banks to Probe Links With Gupta Family
HSBC Holdings and Standard Chartered have been asked by the U.K.
financial regulator to review possible business with South Africa's
Gupta family.
(END) Dow Jones Newswires
October 19, 2017 19:00 ET (23:00 GMT)
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