News Highlights: Top Company News of the Day
October 17 2018 - 9:15AM
Dow Jones News
U.S. Bancorp Profit Rises on Lower Expenses
Revenue grew at a quicker pace than expenses in U.S. Bancorp's
third quarter as the regional bank reported a 16% increase in
profit from a year earlier.
Tesla Advances in China, Buying Land Purchase for a Factory
Elon Musk's electric-vehicle maker is speeding up construction
of a plant in Shanghai in response to the U.S.-China trade
dispute.
Tastemade Orders Up $35 Million Funding Round, Aims to Cash In on Data
Tastemade, a Santa Monica, Calif.-based digital-video company
that pairs bite-sized videos with audience data, has raised $35
million in its latest funding round, the company said.
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.
Goldman Sachs, Morgan Stanley Show Wall Street Charging Ahead
Goldman Sachs and Morgan Stanley both reported sharply higher
third-quarter profits Tuesday, wrapping up a week of big-bank
earnings reports that reflect the strength of a U.S. economy
shrugging off geopolitical turmoil.
Netflix Reports Strong User Growth
Netflix exceeded expectations for adding new subscribers during
the third quarter, reporting strong user growth in international
markets. Shares jumped after-hours.
Abbott Laboratories Meets Views, Narrows Outlook
Abbott Laboratories reported a profit for the third quarter of
$563 million, or 32 cents a share, down from $603 million, or 34
cents a share, a year earlier
Facebook Accused of Failing to Disclose Ad Errors Sooner
Facebook knew of problems with how it measured viewership of
video ads for more than a year before it disclosed them in 2016,
according to a complaint filed Tuesday by some advertisers.
Can U.S.-China Tensions Derail Two Big Deals?
Chinese regulators have yet to give their blessing to two major
deals involving U.S. companies. Now would be a bad time for Beijing
to arouse more hostility in Washington.
Roche Sales Buoyed by New Drugs
Swiss pharmaceuticals giant Roche said that its nine-month group
sales rose on year, buoyed by new drugs.
(END) Dow Jones Newswires
October 17, 2018 09:00 ET (13:00 GMT)
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