News Highlights: Top Equities Stories Of The Day
July 25 2016 - 3:05AM
Dow Jones News
Ericsson Chief Departs After Profit Plunge
Ericsson CEO Hans Vestberg is stepping down as the Swedish
telecom-equipment maker struggles with slowing demand and fierce
competition.
Philips Profit Lifted by Health Technology
Philips reported a 57% rise in second-quarter net profit as it
benefited from a strong performance of its health-technology
operations and cost savings.
Julius Baer Assets Lifted by Brexit Trading Boost
Julius Baer said the Swiss bank's assets under management rose
4% in the first half of this year, as its results for the period
were bolstered by a trading boost from the U.K.'s vote to leave the
European Union.
Ryanair Posts 4% Profit Rises, Sticks With Forecasts
Ryanair stuck to its earnings target for the year after
first-quarter profit rose 4%-bucking a trend for European carriers,
whose earnings have been hit by shocks including terrorist attacks,
air-traffic-control strikes and Brexit.
BP Tries to Regain Its Footing With the 2010 Spill Behind It
BP is under pressure from investors and analysts to show it can
rejoin the ranks of the world's biggest oil companies now that the
costs of the deadly Gulf of Mexico spill have largely come under
control.
Verizon Finalizes $4.8 Billion Deal to Acquire Yahoo
Verizon has agreed to pay $4.8 billion to acquire Yahoo, ending
a drawn-out auction process for the beleaguered internet company.
The web pioneer once had a market capitalization of more than $125
billion.
Huawei's First-Half Revenue Up 40%
Huawei Technologies didn't disclose a revenue breakdown by
business segment, but analysts said the Chinese technology giant,
which is increasing its share of the global smartphone market, has
seen revenue growth from its carrier business.
Tesla Races to Finish 'Gigafactory' in Time for Model 3 Rollout
Tesla is scrambling to finish building its massive $5 billion
battery factory to meet demand for its coming cheaper sedan and
provide power for new types of vehicles CEO Elon Musk says are
under development
Nations Move to Counter Trade Backlash
Finance chiefs from the world's largest economies say the
benefits of growth need to be shared broadly to help ward off
protectionism.
'Star Trek' Leads Box Office While 'Ice Age' Underwhelms
Hollywood's sequel slowdown continued this weekend, this time
with "Star Trek Beyond" and "Ice Age: Collision Course" faring
worse than their predecessors at the box office.
Nintendo Shares Take Hit From Warning on 'Pokémon Go' Earnings
After soaring over the previous two weeks, shares in Nintendo
plunged Monday following a company warning that the smash-hit
smartphone game "Pokémon Go" would make a limited contribution to
its earnings.
(END) Dow Jones Newswires
July 25, 2016 02:50 ET (06:50 GMT)
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