P&G Raises Outlook After Another Quarter of Strong Sales

Procter & Gamble reported strong quarterly sales growth and raised its outlook for the year.

 
Walmart to Drop Lawsuit Against Credit-Card Issuer Synchrony

Synchrony Financial said Walmart has agreed to dismiss a lawsuit against the bank that alleged it breached the terms of their long-running credit-card deal.

 
Boeing's Autonomous Taxi Takes Flight

Boeing said its prototype for an autonomous air taxi completed a first test flight, heating up a race among aerospace companies hoping to transform urban transit.

 
United Technologies Sees Sales Growth Ahead of Breakup

United Technologies said it expects its revenue and profit to rise this year as the industrial conglomerate works on breaking itself up into three businesses.

 
Comcast Lifted by Media and Broadband Growth

Comcast said its NBCUniversal media unit and high-speed internet business fueled growth in the fourth quarter. The company also raised its quarterly dividend.

 
Condé Nast to Put All Titles Behind Paywalls by Year-End

Magazine publisher Condé Nast said it would put all its titles behind paywalls by the end of the year, a move that underscores how critical it has become for major publishers to generate revenue beyond advertising.

 
Alleged 1MDB Conspirator Says He Is a Scapegoat for Emiratis

A former top aide to a powerful member of Abu Dhabi's royal family declared from prison that he is unfairly taking the blame for the United Arab Emirates' role in the 1MDB scandal, and that authorities are trying to force him to turn over his assets.

 
Unfazed by Brexit, Apollo Strikes $4.3 Billion Deal for U.K.'s RPC

Private-equity firm Apollo agreed to acquire RPC, one of Europe's biggest packaging companies, for $4.3 billion, the latest sign that U.S. buyout firms remain undeterred by uncertainty over Brexit when investing in U.K. companies.

 
Subaru Halts Japan Production Over Power-Steering Defect

The Japanese auto maker said it has temporarily shut down two factories that account for two-thirds of global output after finding a problem with power steering.

 
Ernst & Young to Form Independent Panel to Help Improve Audits

The accounting firm's decision to create the three-person advisory committee is a nod toward outside oversight as audit quality at the Big Four continues to be a major issue.

(END) Dow Jones Newswires

January 23, 2019 09:15 ET (14:15 GMT)

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