News Highlights: Top Company News of the Day
April 28 2017 - 3:15PM
Dow Jones News
Exxon Profit Jump a Sign of Strengthening Oil Companies
Exxon Mobil's profit more than doubled in the first quarter of
the year as the oil and gas giant signaled a strengthening in
business amid a reprieve in commodity price depression.
Truck, SUV Sales Power GM's Profit
GM's first-quarter net income rose 34%, as strong sales of
pickup trucks and SUVs in the U.S. continue to offset softening in
the car market and troubles in regions like South America.
Time Inc. Rebuffs Suitors and Decides to Go It Alone
Time Inc., the storied magazine publisher turned struggling
online media company, has decided not to sell itself despite
generating interest from various parties.
WPP's Martin Sorrell Faces Another Pay Cut
WPP's chief executive and founder, Martin Sorrell, is set for
another large pay cut after the ad firm said it would aim to
appease shareholders' anger by capping his annual compensation.
Appeals Court Affirms Decision Blocking Anthem-Cigna Merger
A federal appeals court on Friday declined to allow health
insurer Anthem Inc. to acquire Cigna Corp., affirming a trial
judge's recent ruling that blocked the deal on antitrust
grounds.
Qualcomm Warns of Lower Profit as Apple Dispute Bites
Qualcomm slashed its profit forecast, saying it no longer
expects any patent-licensing revenue from the iPhone in the current
quarter as a result of its increasingly bitter legal battle with
Apple.
SoftBank Set to Invest Over $1.5 Billion in India's Paytm
The deal will give SoftBank Group a 20% stake in Paytm's parent
company One97 Communications, marking the Japanese conglomerate's
single largest investment in an Indian tech firm.
Didi, China's Uber, Raises $5.5 Billion
China's Didi Chuxing Technology said it raised $5.5 billion in a
new funding round, valuing the ride-hailing company at more than
$50 billion.
Credit Suisse Shareholders Approve Bonus Packages
Credit Suisse Group AG shareholders approved bonus packages for
top executives but by a narrower margin than last year, reflecting
anger at the size of the bonuses even after the bank reduced them
earlier this month.
Deutsche Bank Names Citigroup's Von Moltke CFO
Deutsche Bank names Citigroup Treasurer James von Moltke, a
former investment banker, as the German lender's new finance
chief.
(END) Dow Jones Newswires
April 28, 2017 15:00 ET (19:00 GMT)
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