News Highlights: Top Company News of the Day
April 25 2018 - 05:15PM
Dow Jones News
Facebook Revenue Surges Nearly 50%
Facebook recorded rising revenue and profits in the first
quarter as advertisers were undeterred by controversies around the
site's mishandling of user data and struggles to police its
platform.
Ford's Profit Rises Amid Progress on Cost Cutting
Ford Motor Co.'s first-quarter net profit rose 9% from a year
earlier and the company now expects to hit its 8% margin target two
years ahead of schedule.
Danaher Approached GE About Deal for Life-Sciences Unit
Danaher recently expressed interest in a deal for GE's life-
sciences business, but GE didn't engage and isn't interested in a
deal.
Qualcomm's Profit Tumbles as Royalty Disputes Continue
Qualcomm said its profit plunged 52% from a year earlier as it
dealt with a tangle of challenges, including Apple and Huawei
Technologies continuing to withhold royalties.
ConocoPhillips Wins Ruling Against Venezuelan Oil Company
ConocoPhillips won a $2 billion arbitration against Venezuela's
state-controlled oil company over the 2007 expropriation of two oil
projects, though it faces obstacles collecting the award.
PayPal Profit Up on Mobile Payments, Cross-Border Trade
PayPal said on Wednesday that first-quarter profit rose by
one-third thanks to increases in mobile payments and cross-border
trade.
Comcast Pursues Sky, Sizes Up Bigger Move for Fox Assets
Comcast has 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.
Huawei Under Criminal Investigation Over Iran Sanctions
The Justice Department is probing whether Huawei violated U.S.
sanctions related to Iran, opening a new avenue of scrutiny amid
national-security concerns over the Chinese technology giant.
Higher Prices Lift Chipotle Revenue, Comparable Sales
Chipotle Mexican Grill Inc. reported its revenue rose 7.4% in
the latest quarter as the quick-service restaurant chain got a
boost from higher prices on menu items.
UPS Offers Buyouts to Some Managers
UPS is offering buyouts to some management workers, aiming to
reduce payroll as the company ramps up investments to handle the
surge in online shopping.
(END) Dow Jones Newswires
April 25, 2018 17:00 ET (21:00 GMT)
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