News Highlights: Top Company News of the Day
April 25 2018 - 09:30AM
Dow Jones News
Comcast Pursues Sky, Sizes Up Bigger Move for Fox Assets
Comcast has formally submitted a $31 billion bid to buy Sky,
prompting the European pay-TV operator to drop its backing for a
takeover by Fox and setting up a bidding war for the company.
GE Investors Gather After a Difficult Year
General Electric shareholders will gather Wednesday at a company
facility outside of Pittsburgh to elect a restructured board after
a difficult year at the industrial conglomerate.
Twitter Remains Profitable As It Continues to Add Users
Twitter reported its second profitable quarter as a publicly
traded company, a sign of vindication for a company that has long
worked to turn the attention of its users into a viable
business.
Boeing Lifts Full-Year Guidance
Boeing boosted key financial guidance for 2018, in a sign the
aerospace company isn't being affected by supply-chain issues and
broader concerns over the impact of shifting global trade
policies.
Takeda Nears Shire Deal as Japan Inc. Chases Growth Overseas
Takeda is near a deal worth more than $60 billion to buy
European drugmaker Shire, having raised its bid four times in a
sign of how ardently Japan's legacy companies are pursuing growth
abroad as sales at home slow.
Viacom Says Turnaround On Track in Bid to Shore Up Business
Viacom reported easing sales declines and rising profit in the
most recent quarter, as the media company works to prove its
turnaround plan remains on track.
Amazon Childproofs Echo Speakers, Adds Age-Appropriate Audio Content
An update to Echo will let owners turn on a setting that locks
down certain functions, adds new controls and transforms
artificially intelligent Alexa from virtual assistant to virtual
nanny.
A Look at WeWork's Books: Revenue Is Doubling but Losses Are Mounting
A bond-offering document from WeWork Cos. this week provides a
glimpse into the finances of one of the world's most valuable
startups, showing how the shared office company is rapidly
expanding revenue-and incurring heavy losses.
Credit Suisse Starts Last Year of Revamp With Rise in Profit
Credit Suisse posted a strong rise in first-quarter net profit,
beating expectations and bolstering evidence that the Swiss
lender's yearslong restructuring has put it back on track to
growth.
Auto Makers Lean On China Partners to Meet Electric-Vehicle Targets
GM, Ford, Toyota and other big auto makers say they will rely on
their Chinese partners to meet Beijing's mandates for electric
vehicles, using the joint venture arrangements that China has now
agreed to phase out.
(END) Dow Jones Newswires
April 25, 2018 09:15 ET (13:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.