News Highlights: Top Company News of the Day
July 16 2019 - 11:30PM
Dow Jones News
CSX Cuts Outlook, Warns Revenue Will Fall
CSX lowered its outlook for the year, saying economic
uncertainty and the shutdown of a major oil refinery it served
would lead to reduced revenue.
Mallinckrodt Halts Lou Gehrig's Disease Trial
Drugmaker Mallinckrodt PLC said it is ending a midstage clinical
trial looking at a possible treatment of amyotrophic lateral
sclerosis, the paralyzing and fatal malady commonly known as Lou
Gehrig's disease.
United's Profit Rises Even as 737 MAX Grounding Crimps Extra Flights
United Airlines said it is trimming extra flying this year
because of the grounding of Boeing's 737 MAX, though the nation's
second-largest carrier by traffic still expects profit to
climb.
Tech Giants Draw Fire in Congress
Concerns about the power of Big Tech echoed across the capital,
with politicians in both parties demanding more regulatory scrutiny
of four giant companies' reach and plans for expansion.
Consumer Lending Powers Big-Bank Earnings, Upstaging Wall Street
U.S. consumers are taking advantage of low interest rates to
borrow and spend, boosting banks that cater to Main Street and
leaving behind those that don't.
BHP Annual Iron-ore Output Flat
BHP Group Ltd. (BHP.AU) said iron-ore production was flat over
the past 12 months, but forecast a rise in output in the year
ahead.
U.S. Capsules Unlikely to Launch With Astronauts Before 2020
Plans by the White House and NASA to start using new U.S. space
capsules to blast humans into orbit before the end of this year
appear to be slipping, according to government and
aerospace-industry officials.
McDonald's DoorDash Deal Delivers Blow to Uber Eats
DoorDash will start making deliveries from McDonald's
restaurants in Houston later this month, a blow to Uber
Technologies' deal to ferry the burger giant's food to customers in
the U.S.
América Móvil Profit Jumps in Second Quarter
Mexican telecommunications company América Móvil boosted its net
profit in the second quarter as higher operating gains combined
with a decline in financial costs.
Pemex Seeks to Reverse 15-Year Decline in Oil Output
Mexican state oil company Petróleos Mexicanos plans to ramp up
investment with tax breaks and government support over the next
three years to raise oil production that has been declining for the
past 15 years.
(END) Dow Jones Newswires
July 16, 2019 23:15 ET (03:15 GMT)
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