News Highlights: Top Company News of the Day

Date : 10/17/2019 @ 3:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Morgan Stanley Profit Rises 3% 
 

Morgan Stanley's third-quarter profit rose 3% from a year ago, the last major U.S. bank to skate through a period of global tensions and shifting markets.

 
Pentagon Awards Patriot Radar Deal to Raytheon 
 

The Pentagon awarded Raytheon a contract valued by analysts at up to $5 billion to build a new radar for the Patriot missile defense system, concluding one of the year's most closely watched weapons contests.

 
Shampoo Giants Go Head to Head 
 

Unilever-the maker of Dove and TRESemmé-is engaged in a shampoo war with Pantene owner Procter & Gamble, cutting prices in the U.S. as it aims to gain market share.

 
Weaker Shipments Hurt Results at Union Pacific 
 

Union Pacific said weaker demand from a range of customers pinched the railroad's revenue in the third quarter.

 
PPG Reports Slightly Higher Sales 
 

PPG's sales inched higher in its latest quarter, as higher prices helped offset lower sales volume for the Pittsburgh-based paint maker.

 
Honeywell Sales Miss Expectations 
 

Industrial conglomerate Honeywell International reported a lower profit for the third quarter and overall sales that fell a bit lower than what Wall Street analysts predicted.

 
Nestlé to Refresh Bottled-Water Business as Sales Turn Flat 
 

The world's biggest bottled-water maker is overhauling that business as the industry navigates big consumer shifts-from the rise of sparkling water to a backlash against single-use plastic.

 
Citigroup Names Peter Babej as CEO for Asia-Pacific Region 
 

Mr. Babej, previously the global head of the bank's financial institutions group, will transition into the role immediately, Citigroup said.

 
Pernod Ricard Sales Growth 'Moderate' 
 

Pernod Ricard said organic sales grew 1.3% during the first quarter and confirmed that profit from recurring operations should hit its 5%-7% target in 2020.

 
Ericsson Boosted by 5G Expansion 
 

Ericsson lifted its sales and margin targets after posting strong momentum in its business as operators in the U.S. and North East Asia forge ahead with their 5G network spending.

 
 

(END) Dow Jones Newswires

October 17, 2019 11:15 ET (15:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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