News Highlights: Top Company News of the Day
October 23 2018 - 11:30PM
Dow Jones News
Endeavor Energy Resources Explores Potential Sale
Endeavor Energy Resources is exploring a sale that could value
the big private Texas oil fracker at more than $10 billion.
AmEx Discloses Currency Probes
American Express acknowledged that government agencies are
investigating how its foreign-exchange unit priced currency
conversions, but said it doesn't believe the probes will affect its
operations or results.
Tesla Shares Soar on Anticipation of Third-Quarter Results
Tesla shares soared after it announced plans to report quarterly
results sooner than expected, fueling speculation that it has good
news to deliver.
Target Undercuts Amazon With Free Two-Day Shipping
Target said it plans to offer free two-day shipping on online
orders this holiday season, undercutting competitors like Amazon
and Walmart.
Manufacturers See Signs of New Risks
Rising costs, a stronger dollar and concerns over growth in
China are posing new challenges for U.S. manufacturers.
Union Pacific to Lay Off Nearly 500 Workers
Union Pacific plans to lay off about 500 employees before the
end of the year, the first of several rounds of job cuts as the
railroad implements a new operating plan to turn around its
performance.
Capital One Fined Over Anti-Money-Laundering Program
Capital One has paid a $100 million fine over regulatory
deficiencies in its anti-money-laundering program, federal
regulators said. The bank said the penalty is related to check
cashing service providers it hasn't worked with since 2014.
Former Uber Executive Hired By Hedge-Fund Firm
Emil Michael has joined Coatue Management as a consultant after
working as Uber's chief business officer through last year.
Higher Prices for Burgers Help McDonald's Sales
McDonald's is still struggling to attract more U.S. customers
but it eked out higher sales this quarter by charging more for its
food.
Rising U.S. Oil Output Forced GOL Airlines to Change Its Hedging Method
A surge in U.S. crude oil production has helped cause an
accounting headache for the finance chief of Brazil's largest
airline, GOL Linhas Aereas Inteligentes.
(END) Dow Jones Newswires
October 23, 2018 23:15 ET (03:15 GMT)
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