Google Parent Posts Surge in Profit, but Expenses Also Jump 
 

Google parent Alphabet posted surging profits as advertisers kept swarming to the search giant amid a global debate about internet privacy that threatens to affect its main revenue generator.

 
XPO Logistics Names Former Amazon Executive as COO 
 

Kenneth Wagers moves to acquisition-focused XPO from Amazon's transportation and logistics operation, Troy Cooper is named president.

 
United Board Seeks New Chairman, CEO Takes Pay Cut 
 

The board of United Continental Holdings says it will nominate a new chairman from within its ranks after veteran industry executive Robert Milton opted to leave the third-largest U.S. carrier.

 
Appeals Court Rules Monkey Can't Own Copyright of Selfie 
 

Animals have no legal ability to hold copyright claims, a federal appeals court ruled in rejecting an animal-rights group's suit on behalf of an Indonesian monkey that took selfies with a wildlife photographer's camera.

 
California Treasurer Calls for Wells Fargo CEO Removal Amid 'Laundry List of Misdeeds' 
 

California State Treasurer John Chiang called for the removal of Wells Fargo Chief Executive Timothy Sloan on Monday, citing the bank's widespread problems.

 
Verizon 1Q Earnings: What to Watch 
 

Verizon is scheduled to report its first-quarter earnings before the market open Tuesday. Analysts polled by Thomson Reuters expect an adjusted per-share profit of $1.10, up from 95 cents a year earlier.

 
Newell Brands Strikes Deal to Avoid Proxy Battle 
 

Newell Brands and Carl Icahn have struck a deal with a second activist investor, heading off a potentially damaging proxy fight as the maker of Elmer's Glue, Sharpie markers and Mr. Coffee machines works to shed assets and turn around its operations.

 
SoftBank and Google Funds to Invest in Chinese Truck-Hailing Firm 
 

Japan's SoftBank and Alphabet's late-stage venture investment fund are among investors plowing close to $2 billion into a Chinese truck-hailing company.

 
U.S. Hospital Profits Fall as Labor Costs Grow and Patient Mix Shifts 
 

One important measure of U.S. hospital profits last year reached a low not seen in the past decade, as a tight labor market and other factors pressure hospital finances.

 
AT&T's Defense Invokes Big Tech Terror 
 

In the U.S. government's lawsuit to block the merger of AT&T with Time Warner, the two companies say the deal needs to be approved for them to survive an onslaught from big tech. Yet, the imminent doom they conjure doesn't entirely hold up.

(END) Dow Jones Newswires

April 23, 2018 21:15 ET (01:15 GMT)

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