Lyft Picks Underwriters for IPO in 2019 
 

Ride-hailing firm Lyft recently selected underwriters for an initial public offering that is likely to take place in the first half of 2019. The company's valuation is expected to top the $15.1 billion it was valued at earlier this year.

 
Federal Judge Approves Musk, Tesla Settlements With SEC 
 

A federal judge approved settlements between Elon Musk, Tesla and securities regulators over the chief executive's August tweet saying he had secured funding to take the auto maker private.

 
Uber Proposals Value Company at $120 Billion Ahead of Possible IPO 
 

The ride-hailing company recently received proposals from banks valuing it at as much as $120 billion in an initial public offering that could take place early next year.

 
Encouraging Test Results for Health-Care Giants 
 

Third-quarter results from Johnson & Johnson and UnitedHealth suggest a strong health-care earnings season.

 
Nomura to Pay $480M Civil Penalty in Connection with RMBS 
 

Nomura Holding America agreed to pay a $480 million penalty to resolve federal civil claims that it misled investors in connection with the marketing, sale and issuance of residential mortgage-backed securities between 2006 and 2007, the Justice Department said.

 
Google Will Charge Phone Makers to Pre-Install Apps in Europe 
 

Alphabet's Google will start charging device manufacturers fees to pre-install Google apps on devices running the company's Android operating system in Europe.

 
Omnicom Gets a Boost from Increase in Client Spending 
 

Advertising giant Omnicom Group reported better-than-expected earnings, easing investor concerns over the advertising industry's ability to weather technological disruption.

 
BlackRock Posts First Investor Outflow in Three Years 
 

Investors pulled cash from BlackRock for the first time in three years, the latest sign of investor unease about the direction of global markets.

 
Goldman Sachs Rides Deals to Improved Results 
 

Goldman Sachs said profit rose to $2.5 billion in Lloyd Blankfein's last quarter as chief executive as the Wall Street firm benefited from a strong deal-making environment but turned in mixed trading results.

 
Morgan Stanley's Profit Jumps 20% 
 

Morgan Stanley reported net income of $2.15 billion, beating analyst expectations, as Chairman and CEO James Gorman's turnaround plan continued with revenue gains in retail brokerage, trading and investment banking.

 
 

(END) Dow Jones Newswires

October 16, 2018 13:00 ET (17:00 GMT)

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