News Highlights: Top Company News of the Day

Date : 10/18/2019 @ 1:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

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

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