What's News: Business & Finance -- WSJ
January 24 2019 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (January 24, 2019).
Huawei's chairman is pushing back against claims his company
spies for the Chinese government, contending the telecom giant is
being unfairly targeted without proof.
The administration's top economist said the U.S. economy may not
grow in the first quarter if the government shutdown continues.
Ford's bottom line last year suffered amid worsening losses in
China and Europe, but North America remained a bright spot.
P&G reported strong quarterly sales, prompting the
consumer-products giant to raise its outlook.
United Technologies posted a 73% profit jump, saying it remains
on track to split into three companies.
Comcast's results beat analysts' estimates and the company said
it is raising its annual dividend 10%.
U.S. stocks rebounded, aided by a batch of strong earnings
reports. The Dow industrials rose 0.7%.
Amazon is trying to poach shippers from FedEx and UPS as it
rolls out its own delivery network
BuzzFeed is planning to lay off about 15% of its workforce as
the company seeks to reorient itself.
Einhorn's Greenlight faced a wave of redemptions in recent
months, pushing assets below $3 billion.
Mortgages aimed at borrowers who can't provide conventional
proofs of income are making a comeback.
(END) Dow Jones Newswires
January 24, 2019 02:47 ET (07:47 GMT)
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