News Highlights: Top Company News of the Day
July 18 2019 - 3:30PM
Dow Jones News
M&T Shares Tumble After Earnings Miss, Lower Expectations
The lender said it expects its net interest income to increase
less than previously forecast due to lower interest rates.
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, Bolsters 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.
Sinclair Set to Complete Largest Junk-Bond Sale Since 2016
A subsidiary of Sinclair Broadcast Group is poised to complete
the largest U.S. junk-bond sale in more than three years, drawing
substantial demand from investors to support its purchase of
regional sports networks from Disney.
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.
Bid Lower on EBay
EBay's stock is valued richly despite declining gross
merchandise volume in its core business.
Honeywell Posts Higher Profit
Honeywell's second-quarter profit jumped 22% on lower taxes, but
the conglomerate remained cautious on the remainder of the year,
citing uncertainty around the economy.
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.
(END) Dow Jones Newswires
July 18, 2019 15:15 ET (19:15 GMT)
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