News Highlights: Top Company News of the Day
July 17 2018 - 5:30PM
Dow Jones News
Goldman Sachs Is Secretive and Hide-Bound. Its New Chief Wants to Change That
David M. Solomon, who was tapped to succeed Lloyd Blankfein as
CEO, faces a big task in the postcrisis era as he seeks to make the
firm more entrepreneurial and open. "Everything's on the table,"
the new boss has told top executives.
United Beats Earnings Expectations
United Continental HoldingsGroup Inc. said its profit is rising
despite surging jet fuel costs as efforts to build market share
begin to pay off.
GE Still Wrestles With a Big Problem: GE Capital
General Electric continues to work with bankers and advisers to
determine the best way to proceed with GE Capital, the lending unit
that nearly sank the company in the financial crisis.
Airbus Deal Brings Battle With Boeing to Small-Plane Market
Airbus secured a $5.5 billion order for its new jetliner, the
A220, with a U.S. startup carrier, ramping up the pressure in the
small-jet market that Boeing hopes to enter.
UnitedHealth Raises Profit Outlook
UnitedHealth Group raised its full-year earnings outlook as the
company continued to see growth in health-care plan membership and
premiums.
Johnson & Johnson's Pharma Business Fuels Sales Growth
Johnson & Johnson's pharmaceuticals business helped drive
sales growth at the company for the latest quarter, but the
health-products giant's U.S. consumer business continued to
struggle.
Gap Sues Westfield Over Mall Expenses as Tensions Rise in Retail World
The fashion retailer is suing the high-end mall operator for
allegedly overcharging maintenance fees in an action that
underscores the sometimes-tense relationship between landlords and
tenants.
Papa John's Founder Says Resignation Was a Mistake
Papa John's International's founder John Schnatter said "it was
a mistake" to step down as chairman last week and is questioning
how the board investigated his use of a racial slur.
Big Tech's Growth Comes With a Big Bill
Tech giants like Amazon, Apple and Google are delivering
above-average growth, but the cost of staying competitive is rising
more.
Amazon Foes Walmart and Microsoft Deepen Tech Partnership
Walmart agreed to use Microsoft's cloud technology to power
functions, including algorithms for purchasing and sales-data
sharing with vendors, the two companies said.
(END) Dow Jones Newswires
July 17, 2018 17:15 ET (21:15 GMT)
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