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)

Copyright (c) 2018 Dow Jones & Company, Inc.