News Highlights: Top Company News of the Day
October 22 2018 - 9:30AM
Dow Jones News
Hasbro Misses Earnings Estimates as Sting From Toys 'R' Us Lingers
Hasbro Inc. reported a slight drop in earnings for the third
quarter compared with the same quarter a year earlier as the
toy-seller felt the sting of Toys "R" Us being liquidated.
Halliburton Profit Beats Forecasts Despite Softness in Demand
Halliburton profit rose 19% in the latest quarter but the
oil-field services company said demand for some of its key
operations came in weaker than anticipated.
Fiat Chrysler Unloads Parts Unit in $7.1 Billion KKR Deal
Japan's Calsonic Kansei agreed to buy Fiat Chrysler's auto-parts
business for $7.1 billion, a deal that will catapult the combined
company into the top ranks of global auto suppliers.
Icahn-Backed American Railcar Is Selling Itself
American Railcar Industries, which is majority owned by activist
investor Carl Icahn's firm, is being acquired by a subsidiary of
ITE Rail Fund.
Lenders Turn Their Loan-Approval Secrets Over to Credit Karma
By sharing their underwriting models with personal-finance
portal, credit-card and personal-loan issuers seek to increase the
chances that the applications they receive will be approved.
Software Provider E2open Buys Shipping Platform Inttra
The acquisition announced Monday is E2open's latest in a series
of deals in the past two years and its first outside its business
of making cloud-based software aimed at managing the operations and
inventory behind corporate enterprises.
Richard Parsons Steps Down From CBS Board
CBS interim chairman Richard Parsons is resigning because of
health issues. New board member Strauss Zelnick will succeed
him.
Ryanair Earnings Hit by Staff and Fuel Costs
European budget airline Ryanair Holdings said second-quarter net
profit-during the busy summer season-fell 6%, three weeks after the
company cut its full-year guidance.
Goldman Changes Asia Banking Leadership as New CEO Digs In
Goldman Sachs is shaking up its leadership in Asia, where a
high-profile corruption scandal has dampened an otherwise strong
stretch of deal-making.
Uber Ambitiously Eyes 2021 for Food-Delivery Drones Launch
Uber envisions taking to the skies with a fleet of food-delivery
drones in as little as three years, an ambitious timeline for a
ride-hailing company that would face technical challenges and
regulatory hurdles.
(END) Dow Jones Newswires
October 22, 2018 09:15 ET (13:15 GMT)
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