News Highlights: Top Company News of the Day

Date : 04/16/2018 @ 3:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Bank of America's Profits Lifted by Tax Law, Rising Interest Rates 

Bank of America reported higher first-quarter earnings, boosted by the U.S. tax law and continued rising interest rates. The results extended the string of better-than-expected results from the nation's biggest banks.

Icahn Enterprises Selling Tropicana Entertainment for $1.85 Billion 

Carl Icahn's company is selling its majority-owned gaming subsidiary, Tropicana Entertainment, for about $1.85 billion.

Shire to Sell Oncology Unit as Takeda Mulls Takeover 

Shire has agreed to sell its oncology business to French drugmaker Servier for $2.4 billion, in a deal that could discourage Takeda from launching a takeover.

Why WPP Is Better Off Without Martin Sorrell as CEO 

WPP faced serious disruption to its business long before CEO Martin Sorrell stepped down. His exit won't clear away those problems, but it might set the company on the path to addressing them.

Mastercard Hires Former Obama Trade Official to Promote Card Use 

Mastercard Inc. has hired Michael Froman, a former Obama and Clinton administration official, as vice chairman and president of strategic growth.

Volkswagen Unit Considering Full Takeover of Truck Maker Navistar 

Volkswagen's commercial-vehicles unit is considering a takeover of Navistar, one of America's largest truck makers worth nearly $4 billion-an ambitious move for the German car maker just days after naming a new CEO.

New Drug Combinations Improve Survival in Lung Cancer 

Combining expensive cancer immunotherapies with each other or with older drugs prolonged survival in lung cancer patients, two studies show. But the costs are high.

Coffee Brands Fight California Ruling on Cancer Warnings 

The coffee industry is fighting the suggestion its products could cause cancer.

How These Investors Saw Facebook's Privacy Scandal Coming 

When Facebook's share price tumbled last month following reports that a U.K. consulting firm had improperly obtained profile information of 87 million users, many investors were stunned.

Stock Pickers Ready to Take the Facebook Out of 'FANG' 

Stock-picking fund managers have soured on Facebook since the social network's revelation that millions of users' data were compromised, with some either partially or completely abandoning their positions.


(END) Dow Jones Newswires

April 16, 2018 11:00 ET (15:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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