News Highlights: Top Company News of the Day
July 18 2019 - 1:30PM
Dow Jones News
Budweiser Brewer Explores Asset Sales After Calling Off Asia IPO
Anheuser-Busch InBev is considering selling off business units
in South Korea, Australia and Central America to cut its massive
debt pile as it pursues a backup plan after calling off the nearly
$10 billion listing of its Asian business, according to people
familiar with the matter.
Netflix Rivals Unscathed Despite Video Giant's Slump
Netflix's bleeding following a big miss in subscriber growth
isn't spilling over into shares of rival streaming services.
Union Pacific Cuts Costs, Raises Profit
The railroad operator's second-quarter profit rose even as it
shipped less cargo, as the company got a boost from cost cuts tied
to its new operating plan, including fewer jobs and lower fuel
expenses.
Morgan Stanley Profits Hit By Wall Street Weakness
Quarterly profit fell 10% at Morgan Stanley, the last of the big
U.S. banks to report earnings in a mixed quarter where trading
slowed and Main Street banks carried the day.
Blackstone's Profit Drops as Private-Equity Portfolio Lags
Blackstone's second-quarter earnings fell as the value of its
private-equity portfolio appreciated less than the broader market,
but the portion of profits it could return to shareholders ticked
up.
Honeywell Posts Higher Profit
Honeywell reported stronger demand and higher organic sales in
its commercial aerospace, defense, process automation and
business-technologies businesses.
UnitedHealth Lifts Profit Targets on Stronger Sales
UnitedHealth Group raised its 2019 earnings targets after
reporting a strong first half of the year, driven by broader sales
growth in premiums, products and services.
Vodafone's Liberty Global Deal Gets EU Nod
The European Union's antitrust authority has cleared Vodafone
Group's acquisition of some assets from Liberty Global, paving the
way for a multibillion-euro deal that is set to reshape the
European telecoms market.
Digital Banking Startup Overcomes Setbacks to Raise $170 Million
A digital bank with operations across Europe which recently
launched in the U.S. has raised another $170 million in its latest
funding round, pushing its valuation to $3.5 billion.
The Big Obstacle on the Road to Electric Vehicles
The lithium-ion battery is a complex industrial product, not
just another component in the consumer electronics supply chain.
This inconvenient truth is a major obstacle on the global auto
industry's road to an electric future.
(END) Dow Jones Newswires
July 18, 2019 13:15 ET (17:15 GMT)
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