News Highlights: Top Company News of the Day
November 14 2018 - 5:30PM
Dow Jones News
Cisco Revenue Rises as Software Business Grows
Cisco Systems logged another quarter of revenue growth, aided by
its software business, and it expects those gains to continue in
the months ahead.
Uber Posts Slower Sales Gains, Widening Loss Ahead of 2019 IPO
Results for the three months ending in September show that Uber
is still growing quickly but is likely to be unprofitable for some
time.
PG&E Stock Tanks on Wildfire Liability Concerns
PG&E stock had its largest single-day plunge since the early
2000s after the utility said its equipment malfunctioned last week
in an area where California's deadliest wildfire started.
Maersk Bounces Back to Profit on Soaring Trans-Pacific Freight Rates
Danish shipping giant A.P. Moeller-Maersk bounced back into
profit in the third quarter getting a lift from higher freight
rates, even as a sharp rise in fuel prices weighed on its
earnings
GE Credit Crunch Ripples Across Wall Street
A steep fall in GE's bonds to junk levels is roiling credit
markets, spreading pain and gain among investors and banks.
Bumble Is Open to a Right Swipe on IPO
Bumble Chief Executive Whitney Wolfe Herd said an initial public
offering of shares could provide momentum for further international
expansion of the dating app.
Dell Sweetens Key Deal Terms in Path Back to Public Markets
Dell Technologies plans to sweeten a $22 billion deal to buy out
an affiliate and return to the public markets, five months after
its initial proposal sparked shareholder opposition.
Shipping Industry Sends a Trade Warning
Danish conglomerate Maersk, the world's largest containership
operator, becomes latest company to cut its growth forecasts, in a
warning sign for global trade prospects.
Victoria's Secret Chief Is Out Amid Declining Sales
Jan Singer, CEO of Victoria's Secret lingerie division, is
departing the company amid declining sales, according to people
familiar with the matter.
Tencent Posts Solid Earnings, But China's Game Freeze Clouds Future
Tencent reported a 30% jump in third-quarter profit, in spite of
a regulatory chokehold on videogames, its biggest business.
(END) Dow Jones Newswires
November 14, 2018 17:15 ET (22:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.