News Highlights: Top Company News of the Day
July 17 2018 - 11:15AM
Dow Jones News
Goldman Sachs Is Secretive and Hide-Bound. Its New Chief Wants to Change That
David M. Solomon, who was tapped to succeed Lloyd Blankfein as
CEO, faces a big task in the postcrisis era as he seeks to make the
firm more entrepreneurial and open. "Everything's on the table,"
the new boss has told top executives.
UnitedHealth Raises Profit Outlook
UnitedHealth Group raised its full-year earnings outlook as the
company continued to see growth in health-care plan membership and
premiums.
Johnson & Johnson's Pharma Business Fuels Sales Growth
Johnson & Johnson's pharmaceuticals business helped drive
sales growth at the company for the latest quarter but the
health-products giant's U.S. consumer business continued to
struggle.
GE Still Wrestles With a Big Problem: GE Capital
General Electric continues to work with bankers and advisers to
determine the best way to proceed with GE Capital, the lending unit
that nearly sank the company in the financial crisis.
Gap Sues Westfield Over Mall Expenses as Tensions Rise in Retail World
The fashion retailer is suing the high-end mall operator for
allegedly overcharging maintenance fees in an action that
underscores the sometimes-tense relationship between landlords and
tenants.
Papa John's Founder Says Resignation Was a Mistake
Papa John's International's founder John Schnatter said "it was
a mistake" to step down as chairman last week and is questioning
how the board investigated his use of a racial slur.
Big Tech's Growth Comes With a Big Bill
Tech giants like Amazon, Apple and Google are delivering
above-average growth, but the cost of staying competitive is rising
more.
Amazon Foes Walmart and Microsoft Deepen Tech Partnership
Walmart agreed to use Microsoft's cloud technology to power
functions, including algorithms for purchasing and sales-data
sharing with vendors, the two companies said.
Vox Media to Begin Licensing Publishing Technology Chorus
Digital publisher Vox Media is trying out a new money-making
strategy: Selling the software that it uses to produce stories.
Boeing Sees $15 Trillion Commercial Airplanes, Services Market
Boeing said rising passenger traffic and a wave of airplane
retirements will drive the need for 42,730 new jets, valued at $6.3
trillion, over the next 20 years.
(END) Dow Jones Newswires
July 17, 2018 11:00 ET (15:00 GMT)
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