News Highlights: Top Company News of the Day
October 16 2019 - 9:30AM
Dow Jones News
Bank of America Profit Falls on Charge
A one-time charge dented Bank of America's third-quarter profit,
but the bank posted gains in its consumer, wealth and commercial
businesses.
Huawei Extends Hot Streak in the Face of U.S. Blacklisting
Huawei's revenue rose 24% during the first nine months of the
year, despite a U.S. export blacklisting against the world's
largest maker of telecommunication equipment.
Broadcom Ordered by EU to Halt Allegedly Anticompetitive Contract Practices
The European Union ordered semiconductor maker Broadcom to stop
requiring contract terms with customers that the bloc alleges are
anticompetitive, even as a probe into the practices continues-the
first time regulators have used such an injunction in 18 years.
KKR Lines Up New Leaders for Private-Equity Businesses
KKR has promoted six deal makers to lead its flagship
private-equity businesses around the world, which together have
amassed $75 billion in assets.
IBM Poised for Another Sales Slide Despite Red Hat Deal
IBM is set to report its first earnings after the closing of its
$34 billion purchase of open-source software giant Red Hat. Here's
what to look for.
Drug Distributors Are in Talks to Pay $18 Billion to Settle Opioid Litigation
Three major drug distributors are in talks to pay $18 billion to
settle sweeping litigation brought by state and local governments
blaming them for fueling the opioid crisis.
XPO Names Former GE Deal Maker to Board
Greenwich, Conn.-based XPO Logistics Inc. named Aris Kekedjian
as a new independent director.
Midmarket Private Companies See Earnings Rise Despite Softening Global Growth
The earnings growth of U.S. midmarket private companies
strengthened in the third quarter despite economic uncertainty and
a darkening outlook for their larger counterparts.
Roche Says Outlook Improving
Roche raised its guidance after reporting sales growth of 9.5%
in the first nine months of the year.
Rio Tinto Iron-Ore Shipments Rise
Rio Tinto said it shipped 1% more iron ore last quarter as its
Australian mining hub recovered from earlier operational and
weather-related setbacks.
(END) Dow Jones Newswires
October 16, 2019 09:15 ET (13:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.