Microsoft Hits $1 Trillion Market Value for First Time

Shares of Microsoft topped the $130.50 value needed to give the company a market value of $1 trillion, joining Apple and Amazon.com as the only U.S. companies to ever reach that mark.

 
Carlos Ghosn Leaves Jail Again

Former Nissan Motor Chairman Carlos Ghosn left a Tokyo jail late Thursday after being granted bail by a court in Tokyo, agreeing to strict conditions such as not contacting his wife unless the court approves.

 
Eli Lilly to Pull Cancer Drug From Market After Failed Study

Eli Lilly plans to withdraw its cancer drug Lartruvo from the market after a study showed that it failed to prolong overall survival in a clinical trial.

 
Deutsche Bank and Rival Commerzbank End Merger Talks

Banking giant Deutsche Bank and crosstown rival Commerzbank ended merger talks, leaving in tatters the German government's hope to shore up both banks and create a banking powerhouse.

 
Altria Net Falls 40% on Smaller Revenue, Bigger Expenses

Altria Group reported a 40% drop in net income for the latest quarter, as revenue declined and it booked several charges related to its expansion efforts.

 
UPS Thwarted by Winter Weather

UPS posted a lower profit in the first quarter as it incurred about $80 million in extra costs associated with dealing with severe winter weather in the U.S.

 
3M to Cut 2,000 Jobs as Sales Fall

3M said it would cut 2,000 jobs and restructure its sprawling business after demand for its tapes and adhesives fell in China and other important markets.

 
Comcast Earnings Boosted by Sky Acquisition, Internet Business Growth

Comcast said net profit rose 14% in the first quarter, boosted by its high-speed internet business, a spate of successful movies and the recent Sky PLC acquisition.

 
Easter Candy Shipments Lift Hershey Results

Easter candy shipments boosted Hershey's results in the first quarter, but the company expects consumers to pull back on buying sweets later this spring as they eat chocolate purchased for the holiday.

 
Southwest's MAX Groundings Cut Flight-Capacity Growth

Southwest Airlines Co. said the grounding of its Boeing Co. 737 MAX planes will cut flight-capacity growth and push up costs in the coming months. The airline said it expects to expand its flight capacity by between 2% and 3% this year, compared with growth of as much as 5% previously.

(END) Dow Jones Newswires

April 25, 2019 11:00 ET (15:00 GMT)

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