News Highlights: Top Company News of the Day
January 18 2018 - 11:30PM
Dow Jones News
IBM Revenue Grows for the First Time Since 2012
International Business Machines Corp. reported higher revenue
for the first time in 23 quarters and signaled continued growth
into 2018, giving Chief Executive Ginni Rometty breathing space as
she tries to turn around the century-old tech giant.
American Express Reports First Loss in Quarter-Century
American Express recorded its first quarterly loss in a
quarter-century and said it would suspend its share-buyback program
as it absorbed a hit from tax changes in the U.S.
Keystone XL Pipeline Obtains Enough Shipper Commitments to Proceed
TransCanada announced that it has received enough commitments
from oil shippers to advance construction of its controversial
Keystone XL pipeline expansion.
ADT IPO Prices Well Below Expectations
Home-security company ADT's initial public offering priced
sharply below its expected range on Thursday, a setback for what is
likely to be one of the biggest IPOs of the year.
Amazon Narrows Choices for Second Headquarters to 20
Amazon named 20 metropolitan areas as finalists for its second
headquarters after reviewing 238 proposals from across the U.S.,
Canada and Mexico. New York, Chicago, Columbus, Ohio, and
Indianapolis are among the choices.
Bankruptcy Judge Rules Against Settlement Triggering GM Payout
General Motors avoided a potential $1 billion-plus stock payout
to address claims stemming from the auto giant's ignition-switch
crisis after a judge found a settlement between plaintiffs and a
trust for the company's bankruptcy estate unenforceable.
BNY Mellon to Raise Wages for 1,000 Employees Following Tax Overhaul
Bank of New York Mellon executives said nearly all of this
year's benefits from the new U.S. tax law will go to technology
upgrades and its employees instead of shareholders.
Morgan Stanley's Brokers Push Its Profits Higher
Morgan Stanley said its fourth-quarter profit rose 14%,
excluding a tax charge, as its retail brokers and investment
bankers compensated for lower trading revenue.
JPMorgan's Dimon Received $29.5 Million Pay Package in 2017
JPMorgan Chase Chief Executive James Dimon received a
compensation package valued at $29.5 million in 2017, up 5.4%-or
$1.5 million-from 2016, according to a securities filing.
Qualcomm Secures Antitrust Approvals for NXP Deal
Qualcomm won antitrust approval in the European Union and South
Korea for its $39 billion acquisition of NXP Semiconductors,
agreeing to a package of measures to assuage regulators'
competition concerns.
(END) Dow Jones Newswires
January 18, 2018 23:15 ET (04:15 GMT)
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