News Highlights: Top Company News of the Day
January 23 2019 - 11:30AM
Dow Jones News
P&G Raises Outlook After Another Quarter of Strong Sales
Procter & Gamble reported strong quarterly sales growth,
continuing a streak of robust gains and prompting it to raise its
outlook for the year.
Airlines Face Next Test With Earnings
After a punishing 2018, airline stocks are finally starting to
catch up with the broader market. The next round of earnings
results could help determine how long that rebound lasts.
Metro, Challenger to U.K.'s Banking Establishment, Drops a Third in Value
Metro Bank, which became Britain's first new lender in more than
a century when it was launched by an American banker in 2010, lost
over a third of its value Wednesday.
Sinclair, Known for Rightward Tilt, Hires Liberal Commentator
Ameshia Cross, a self-described progressive activist who worked
for President Obama's re-election, will host the daily segment. It
will be an alternative to the pro-Trump commentary of Boris
Epshteyn.
Walmart to Drop Lawsuit Against Credit-Card Issuer Synchrony
Synchrony Financial said Walmart has agreed to dismiss a lawsuit
against the bank that alleged it breached the terms of their
long-running credit-card deal.
Boeing's Autonomous Taxi Takes Flight
Boeing said its prototype for an autonomous air taxi completed a
first test flight, heating up a race among aerospace companies
hoping to transform urban transit.
United Technologies Sees Sales Growth Ahead of Breakup
United Technologies said it expects its revenue and profit to
rise this year as the industrial conglomerate works on breaking
itself up into three businesses.
Comcast Lifted by Media and Broadband Growth
Comcast said its NBCUniversal media unit and high-speed internet
business fueled growth in the fourth quarter. The company also
raised its quarterly dividend.
China Regulator Closes Websites, Criticizes Tencent App
Regulators in China continued a crackdown on internet content by
closing hundreds of websites and thousands of mobile apps and
calling out tech titan Tencent Holdings Ltd.'s news app for
spreading "vulgar" information.
Condé Nast to Put All Titles Behind Paywalls by Year-End
Magazine publisher Condé Nast said it would put all its titles
behind paywalls by the end of the year, a move that underscores how
critical it has become for major publishers to generate revenue
beyond advertising.
(END) Dow Jones Newswires
January 23, 2019 11:15 ET (16:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.