News Highlights: Top Company News of the Day
November 14 2018 - 9:15AM
Dow Jones News
Macy's Reports Strong Sales Growth, Raises Guidance
Macy's delivered healthy sales growth in its latest quarter and
raised its guidance for the year, positioning the retailer for a
strong holiday shopping season.
Facebook Morale Tumbles, Along With Stock
An internal survey found just 52% of employees were optimistic
about Facebook's future, down from 84% the year earlier. The
darkening mood comes amid a dropping share price, leadership
turmoil and disclosures of privacy violation.
Wells Fargo Executive in Regulator's Crosshairs
A top regulator recently sent a letter rebuking Wells Fargo's
chief administrative officer, Hope Hardison, leading her to take a
leave of absence and showing the issues between the lender and its
overseers are far from over.
Tencent Beats Profit Expectations Despite China's Gaming Clampdown
Chinese tech giant Tencent reported profit and revenue gains of
30% and 24%, respectively, as strength in online advertising and
payment-related services offset continued weakness in the
regulation-burdened gaming division.
PG&E Says Equipment Failed Just Before California Wildfire
The utility owner warned that if its equipment is determined to
be the cause of the disaster that has killed at least 48 people, it
would face potential liabilities beyond its insurance coverage.
FAA Launches Review of Boeing's Safety Analyses
U.S. aviation regulators, responding to last month's Lion Air
jet crash, launched a high-priority review of the safety analyses
Boeing has performed over the years.
Cisco Is Poised to Grow, But China Tariffs Loom
Cisco Systems Inc. is scheduled to report its fiscal
first-quarter results after the market closes Wednesday. Here's
what you need to know.
Once-Worthless Radio Waves Get New Life in Spectrum Auction
The FCC will begin the first of two auctions for extremely
high-frequency spectrum licenses, raising cash from a type of radio
wave considered worthless before 5G technology.
Dentsu Aegis Chief Jerry Buhlmann to Step Down
Dentsu Aegis Network's longtime chief executive will step down
after more than eight years in the job. Jerry Buhlmann is the
second head of a global ad group to resign this year after Martin
Sorrell left WPP.
The 'Uber of Trucks' Isn't Cruising to a Profit
Profits are elusive and truckers are frustrated at China's
Manbang, the trucking app backed by Google and SoftBank.
(END) Dow Jones Newswires
November 14, 2018 09:00 ET (14:00 GMT)
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