News Highlights: Top Company News of the Day
July 19 2018 - 5:15AM
Dow Jones News
Shares in Ad Giants Fall as Publicis Sales Disappoint
Shares in some of the world's biggest ad companies tumbled after
Publicis Groupe reported revenue below expectations, heightening
investor concerns over the advertising giant's ability to weather
technological disruption.
Facebook to Start Taking Down Posts That Could Lead to Violence
In response to attacks on individuals in Sri Lanka and Myanmar,
the social-media platform will remove information if posts are
flagged by local partners as potentially leading to violence.
Why the Google Case May Be Too Late to Matter Much
The European Union's $5 billion antitrust action against
Alphabet's Google, while historic, ultimately may not prove too
onerous.
Morgan Stanley's Profit Jumps 39%
Morgan Stanley said its second-quarter earnings rose about 39%
from a year ago, concluding a big-bank earnings season that showed
continued strength in the economy.
If Bank Investors Want Growth Maybe They Should Pay for It
European banks are using a kind of insurance to help boost
lending, but this might not be best value for shareholders.
IBM Rides New Businesses to Higher Revenue, Profit
IBM reported higher profit and sales for its latest quarter,
with newer businesses like cloud computing contributing more than
half of total revenue.
American Express Lifts Its Revenue Forecast for the Year
AmEx said that given its financial performance for the first
half of the year, it now expects revenue for the year to increase
at least 9%.
Google Hit With Record $5 Billion EU Fine in Android Case
The EU fined Alphabet's Google $5 billion, a record for the bloc
that could loosen the company's grip on its biggest growth engine:
mobile phones.
Papa John's Founder Recently Held Merger Talks With Wendy's
Papa John's founder and recently ousted Chairman John Schnatter
has recently held talks to merge the pizza-delivery company with
Wendy's.
UnitedHealth Is Among Suitors Circling Tenet's Conifer Business
UnitedHealth Group is among suitors exploring an acquisition of
Tenet Healthcare's health-care-management subsidiary, as the
industry giant pursues further expansion.
(END) Dow Jones Newswires
July 19, 2018 05:00 ET (09:00 GMT)
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