News Highlights: Top Company News of the Day
July 25 2017 - 5:30PM
Dow Jones News
AT&T's Results Top Wall Street Views
AT&T reported its third-straight quarterly revenue decline
as it struggles to add-and retain-subscribers. Still, results beat
Wall Street expectations
Viacom CEO Considers Costly Scripps Networks Acquisition
Viacom CEO Bob Bakish is contemplating what would be his boldest
bet yet: an acquisition of Scripps Networks, operator of HGTV and
Food Network. People familiar with the situation say Viacom is in
talks to acquire the company, as is Discovery Communications.
SoftBank Boosts Bet on Ride Hailing With Play for Stake in Uber
SoftBank Group is angling for a piece of Uber Technologies, a
move that would further the grand ambitions of SoftBank's
charismatic founder and muddy the mix of alliances in the global
ride-hailing business.
Trump Says Apple CEO Has Promised to Build 3 Plants in U.S.
President Donald Trump on Tuesday said in an interview that
Apple Inc. Chief Executive Tim Cook has committed to build three
big manufacturing plants in the U.S., a surprising statement that
would help fulfill his administration's economic goal of reviving
American manufacturing.
Barnes & Noble Open to Discussing Call for Sale
Barnes & Noble said it is open to discussing an investor's
call for the bookstore chain to hire an investment banker and put
itself up for sale.
Michael Kors Shops for Glamour, Buys Jimmy Choo for $1.2 Billion
Luxury-fashion company Michael Kors has reached a deal to buy
Jimmy Choo for around $1.2 billion, giving it a new avenue for
growth as its core handbag market slows.
Former VW Executive to Plead Guilty in Emissions-Cheating Case
Former Volkswagen compliance executive Oliver Schmidt agreed to
plead guilty in the U.S. to criminal charges stemming from his
alleged role in the German auto maker's yearslong emissions
deception.
GM's Profit Drops as It Pulls Back Abroad to Bet on U.S. Market
General Motors' second-quarter net income plunged 42% on losses
related to the sale of its European business and one-time charges
linked to the company's exit from some emerging markets.
Petronas Ends Canadian LNG Project
Malaysian state-owned energy company Petronas said it was ending
its multibillion-dollar plan to build a natural-gas export terminal
on Canada's west coast, saying prolonged low natural-gas prices
doomed the project.
McDonald's Brings Back Customers With $1 Drinks, New Burgers
McDonald's posted better-than-expected earnings and said its $1
drinks promotion and a new line of burgers helped reverse a sales
slump in the U.S.
(END) Dow Jones Newswires
July 25, 2017 17:15 ET (21:15 GMT)
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