News Highlights: Top Company News of the Day
July 16 2018 - 7:30AM
Dow Jones News
Bank of America's Profit Rises
Bank of America reported higher earnings Monday as U.S. interest
rates' upward climb helped the lender's results.
Deutsche Bank Says Profit Will Beat Forecasts
Deutsche Bank said second-quarter profit and revenue would come
in above analysts' forecasts, a boost for the German bank's new
chief executive as he seeks to revive the lender's fortunes.
Boeing, Airbus Strain to Deliver the New Jets They Have Promised
Some airlines have been left waiting for months for new planes
as aircraft makers face a supply-line crunch for items including
engines and wing components. That has angered executives and, in
some cases, even stranded passengers.
Boeing Mulls Its First New Airliner Since Dreamliner
The aerospace giant plans to decide next year whether to pursue
a new multibillion-dollar commercial airliner project-its first in
about 15 years.
KKR to Acquire Audiobook Publisher RBmedia
Investment firm KKR has agreed to acquire RBmedia, a major
producer of digital audiobooks and spoken content, from investment
firm Shamrock Capital.
Global Trade Spat Unnerves Plane Makers
Aerospace executives at plane makers Boeing Co. and Airbus SE,
along with their suppliers, said they are worried new trade
barriers could drive up plane manufacturing costs and lead airlines
to put off purchases.
Investors Watch Effect of Rate Rises on Bank of America Earnings
Here's what to look for when the second-largest U.S. bank by
assets reports second-quarter results Monday.
General Atlantic Invests $250 Million in Lending Startup Greensill
Private-equity firm General Atlantic has made a minority
investment in U.K. lending startup Greensill Capital, continuing
its strategy of placing bets on companies that use technology to
try to disrupt the traditional financial system.
Abraaj Founder Avoids Prosecution for $48 Million Bounced Check
The founder of embattled private-equity firm Abraaj Group has
reached a settlement on a $48 million bounced-check allegation,
allowing him to avoid prosecution.
'Skyscraper' Gets a Rocky Start
"Skyscraper," starring Dwayne Johnson as a former FBI agent
trying to rescue his family from a burning tower, had a soft
opening for an action movie that cost around $125 million to
make.
(END) Dow Jones Newswires
July 16, 2018 07:15 ET (11:15 GMT)
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