News Highlights: Top Company News of the Day
October 18 2019 - 9:15AM
Dow Jones News
American Express's Earnings, Top Line Rise
American Express's profit and revenue climbed in the third
quarter, along with its provision for losses.
Coca-Cola Sales Rise, Lifted by Higher Soda Demand
Coca-Cola said its sales rose in its latest quarter, helped by
higher demand for its namesake soft drinks.
State Street Reports 24% Drop in Earnings
State Street reported a nearly 24% drop in earnings in the third
quarter as revenue fell and expenses increased.
Fashion Sourcing Platform Zilingo Designs $100 Million Push Into U.S.
Singapore-based fashion technology startup Zilingo is investing
$100 million to launch operations in the U.S. as it builds out its
supply-chain business connecting apparel brands with factories and
suppliers.
The Chip Industry Gets a Strong 5G Signal
Industry bellwether TSMC thinks consumer adoption of 5G
smartphones warrants a dramatic expansion of its investment
plans.
Cathay Pacific Puts Dollar Bond Sale on Ice After Cool Reception From Investors
Hong Kong's flagship carrier shelved plans to sell its first
U.S. dollar bonds in more than two decades after receiving lukewarm
interest from potential investors, according to people familiar
with the matter.
New Legal Peril for Generic Drug Companies
Familiar legal threat for generic drug stocks returns after
UnitedHealth sues over alleged price fixing.
AT&T in Talks to Resolve Elliott Management's Activist Campaign
AT&T is in talks with Elliott Management to resolve the
activist investor's campaign for change at the phone and media
giant, people familiar with the matter said.
Saudi Aramco Delays Launch of World's Largest IPO
Saudi Aramco has postponed the launch of its initial public
offering, the latest setback for what would be the world's
largest-ever stock market listing.
Metta World Peace Launches App for Amateur Basketball Games
Metta World Peace, the former Los Angeles Laker, is launching an
app aimed at building a community of athletes looking to play
basketball.
(END) Dow Jones Newswires
October 18, 2019 09:00 ET (13:00 GMT)
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