News Highlights: Top Company News of the Day
October 18 2019 - 1:30PM
Dow Jones News
Oracle Says Co-CEO Mark Hurd Has Died
Oracle says Co-CEO Mark Hurd, who had taken a medical leave of
absence in September, has died.
UAW Deal Turns Headlights on GM's Planning
General Motors, the top U.S. automaker, will need to reassure
investors in its financial results that cost-savings targets and
downturn preparation are on track.
J&J Recalls One Baby Powder Lot on Asbestos Concern
Johnson & Johnson launched a voluntary recall of a single
lot of its baby powder after a test showed sub-trace-level asbestos
contamination.
Soda Comeback Drives Sales Gains at Coca-Cola
Coca-Cola's carbonated soft drinks are making a comeback, as the
company's third-quarter sales rose in large part thanks to
variations on its namesake cola.
American Express's Earnings, Top Line Rise
American Express's profit and revenue climbed in the third
quarter, along with its provision for losses.
State Street Reports 24% Drop in Earnings
State Street reported a nearly 24% drop in earnings in the third
quarter as revenue fell and expenses increased.
Schlumberger Swings to Loss on Pretax Charges
Schlumberger swung to a third-quarter loss of $11.38 billion, or
$8.22 a share, as it recorded pretax charges such as goodwill,
intangible assets and fixed assets.
Fashion Sourcing Platform Zilingo Designs $100 Million Push Into U.S.
Singapore-based fashion technology startup Zilingo is investing
$100 million to launch operations in the U.S. as it builds out its
supply-chain business connecting apparel brands with factories and
suppliers.
The Chip Industry Gets a Strong 5G Signal
Industry bellwether TSMC thinks consumer adoption of 5G
smartphones warrants a dramatic expansion of its investment
plans.
Cathay Pacific Puts Dollar Bond Sale on Ice After Cool Reception From Investors
Hong Kong's flagship carrier shelved plans to sell its first
U.S. dollar bonds in more than two decades after receiving lukewarm
interest from potential investors, according to people familiar
with the matter.
(END) Dow Jones Newswires
October 18, 2019 13:15 ET (17:15 GMT)
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