News Highlights: Top Company News of the Day
July 23 2019 - 09:30AM
Dow Jones News
United Technologies Raises Outlook
United Technologies raised its outlook for the year as earnings
and revenue in the latest quarter beat expectations.
Coca-Cola Sales Boosted by Soda Gains, Coffee Push
Coca-Cola's quarterly profit and sales rose, boosted by higher
demand for its namesake soft drinks and the introduction of coffee,
energy drinks and other products.
Kimberly-Clark Raises Full-Year Outlook as Organic Sales Grow
Kimberly-Clark raised its top- and bottom-line outlook for the
full year to reflect strong profit and organic sales results in the
latest quarter and an improving commodity environment.
Apple in Advanced Talks to Buy Intel's Smartphone-Modem Chip Business
Apple is in advanced talks to buy Intel's smartphone-modem chip
business, a move that would jump-start the iPhone maker's push to
take control of developing the critical components powering its
devices.
Daimler Deepens Ties With China in New Deal
China's state-owned Beijing Automotive Group has acquired a
stake of 2.48% in Daimler with an option to raise it to 5%,
bringing Chinese ownership of one of Germany's flagship companies
to around 15%.
Travelers Posts Higher Profit
Travelers Cos.' earnings rose in the latest quarter as the
insurance company reported lower catastrophe losses and higher net
investment income.
Lockheed Martin Raises 2019 Profit Guidance
Lockheed Martin reported forecast-beating quarterly profits and
raised its full-year guidance, just as a proposed new budget
compromise lifted a cloud hanging over U.S. defense companies.
Bracing for a New Normal at Google
Google has seen slowdowns before, but Wall Street is afraid that
this one might actually stick, with shares of parent company
Alphabet down 12% since its last earnings report.
Harley-Davidson Cuts Forecast for Motorcycle Shipments
Harley-Davidson cut it forecasts for motorcycle shipments this
year and reported weaker sales and profit in the second
quarter.
Struggling Real-Estate Giant Realogy Strikes Deal With Amazon
Real-estate brokerage giant Realogy Holdings launched a new
partnership with Amazon.com in a fresh attempt at jump-starting the
property firm's flagging business and tumbling share price.
(END) Dow Jones Newswires
July 23, 2019 09:15 ET (13:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.