News Highlights: Top Company News of the Day
November 16 2018 - 9:15AM
Dow Jones News
Viacom Expects 2019 Revenue Growth
Viacom said it expects revenue to grow in the 2019 fiscal year
as the company continues to work on improving its media
operations.
Companies Start to Sweat Prospect of No-Deal Brexit as Deadline Looms
With Prime Minister Theresa May's government in turmoil over the
terms of a Brexit agreement, the prospect of "no deal" is getting
real-spooking companies big and small, including some far from
Britain's shores.
Crashed Lion Air Plane's Missing Black Box Goes Silent
Investigators searching for a black box of a crashed Lion Air
jet believe its locator beacon is broken and are preparing new
equipment to visually scour the muddy floor of the Java Sea.
Southwest Air Replaced Flight-Control Sensors of the Kind Implicated in Lion Air Crash
During the three weeks before Lion Air Flight 610 plunged into
waters off Indonesia, Southwest Airlines replaced two
malfunctioning flight-control sensors of the same type that has
been publicly implicated in the crash, according to a summary of
Southwest maintenance records reviewed by The Wall Street
Journal.
Luxury Deals Will Be Made in Italy
Following Michael Kors's purchase of Versace, Italy's other
independent brands look the most likely merger and acquisition
targets.
Post Holdings Plans IPO for Nutrition Unit
The transaction that involves PowerBar and Joint Juice brands is
expected to be completed in the second half of fiscal year
2019.
Why PCs Still Compute
What many think of as a fading business has been a bright spot
in tech.
AXA to Raise $2 Billion From Shares Sale
AXA said it would raise up to $2 billion from the sale of shares
in its U.S. subsidiary AXA Equitable Holdings.
Rovio Swings to Profit, Narrows Guidance
Angry Birds maker Rovio posted a net profit of EUR7.9 million in
the third-quarter, more than double forecasts, and narrowed its
full-year guidance.
Inventory Reduction Push at J.C. Penney Thins Margins
The struggling retail chain has been liquidating merchandise as
it winnows its product assortment to focus on the most profitable
brands and categories. Although Penney is making progress on that
goal, efforts to clear the sales floor have also thinned
margins.
(END) Dow Jones Newswires
November 16, 2018 09:00 ET (14:00 GMT)
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