News Highlights: Top Company News of the Day
January 17 2018 - 9:30AM
Dow Jones News
Goldman Sachs Posts First Quarterly Loss in Six Years
Goldman Sachs posted its first quarterly loss in six years as a
dismal showing by its trading unit compounded a one-time charge
related to the new tax law.
Bank of America Reports Profit Despite Tax-Related Charge
Bank of America's fourth-quarter profit fell from a year ago,
hurt by a $2.9 billion charge related to the tax bill, even as the
bank ended a year that put its crisis-era issues firmly in the
past.
U.S. Bank Reports Higher Profit
U.S. Bancorp, the biggest regional bank in the country, said
Wednesday that the new tax law helped boost its fourth-quarter
earnings.
Companies Tout Tax Benefits as Earnings Season Begins
Some of the biggest U.S. companies are promising significant
annual savings, bigger pension contributions, higher dividend
payments and more extensive stock buybacks as executives start to
discuss the impact of the federal tax overhaul.
Pipeline Builders Try New Growth Strategy: Bigger Pipes
As environmentalists and local activists make it difficult to
build new oil and gas lines, energy companies are simply
supersizing old pipes that already exist.
Can Mark Zuckerberg Bend Facebook Without Breaking It?
Mark Zuckerberg's main challenge now is fixing the social
network without breaking it. That dilemma was apparent last week
when the 33-year-old chief executive announced changes to the
company's News Feed tool.
The Big New Player Feeding America's Sweet Tooth
Ferrero's purchase of Nestlé's U.S. confectionery business marks
a hat-trick of deals for the Italian company behind Nutella spread
but aggressively expanding in America at a time of rapid market
change is a daring strategy.
Why Google Won't Search for Your Art Look-Alikes in Some States
Millions of people across the U.S. have downloaded an app to see
how a Google algorithm matched their selfies to historical artwork.
But for many residents of Illinois and Texas, the selfie tool was
missing. The reason? State bans on the collection of biometric
data.
UBM, Informa Outline Planned Merger Terms; Talks Continue
UBM and Informa on Wednesday set out the proposed terms of the
potential 3.83 billion-pound ($5.27 billion) takeover of UBM, and
said that talks are continuing.
GKN Rejects GBP7.4B Offer From Melrose Industries
GKN said that it had rejected a hostile cash and share offer
worth 7.4 billion pounds ($10.2 billion) from Melrose Industries
because the offer still undervalues the company.
(END) Dow Jones Newswires
January 17, 2018 09:15 ET (14:15 GMT)
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