News Highlights: Top Company News of the Day
August 21 2018 - 11:15AM
Dow Jones News
Toll Brothers Profit Jumps as Deliveries Rise
Toll Brothers's profit rose 30% in its latest quarter as the
luxury home builder reported strong growth in deliveries and
continued to reach deals with customers at a rapid clip
Kohl's, TJ Maxx Continue Strong Run for Retailers
Retailers extended their run of good news on Tuesday with Kohl's
and the parent of T.J. Maxx reporting strong quarterly results.
Airline Stocks Start to Take Off
Shares of airline operators are no longer in free fall, getting
a boost as company projections for the number of passenger seats
that are offered have come down.
New Fiat Chrysler CEO's Big Challenge: Fixing the European Business
Fiat Chrysler CEO Mike Manley's predecessor built a reputation
as a turnaround specialist but left unresolved the future of FCA's
legacy business in Europe.
Cat Fight: Cheetos Maker Pepsi Challenges Orange Snack Rival
PepsiCo's Frito-Lay division, which makes Cheetos, has accused a
new competitor called Peatos, a skinny orange snack made of peas
and lentils, of trademark violations.
Chinese Banks Turn to New Tool to Win Savers
Chinese banks are taking on new risks as they scramble to lure
savers, turning a previously obscure line of business into a $1
trillion industry. The explosion marks the latest effort by lenders
to circumvent Beijing's campaign against financial risk.
AXA's Deal Fallout Creates a Buying Opportunity
The insurance giant shocked investors with the off-script
megadeal for XL Group but sense should start to show soon.
Plains, Magellan to Sell 50% BridgeTex Stake
Plains All American Pipeline L.P. and Magellan Midstream
Partners L.P. said they agreed to sell a 50% stake in BridgeTex
Pipeline Co. to one of Canada's largest pension funds for about
$1.44 billion.
BHP Is Mining a Rich Seam for Now
After a shaky few years the world's biggest miner is back on
track, with profits up and dividends surging.
Some Tesla Suppliers Fret About Getting Paid
Tesla's tumultuous year has fueled concern among some of its
suppliers about the auto maker's financial strength after
production of the Model 3 car drained some of its cash.
(END) Dow Jones Newswires
August 21, 2018 11:00 ET (15:00 GMT)
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