News Highlights: Top Company News of the Day
July 17 2018 - 11:30PM
Dow Jones News
Lawmakers Question Tech Firms, Publishers on How They Combat Fake News
Tech firms, publishing executives and lawmakers broadly agree on
the dangers of fake news and hate speech online. But they still
can't find common ground on how to define it and what to do about
it.
MGM Resorts Sues to Protect Itself from Las Vegas Massacre Claims
MGM Resorts International is suing people associated with the
deadliest shooting in modern U.S. history, including victims of the
attack, in an attempt to protect itself from potentially
significant legal claims.
Chef'd Meal-Kit Maker Suspending Business
Chef'd, a national meal-kit operator serving major food brands
and prominent chefs, has suspended operations after burning through
investments and failing to secure more cash.
CSX Reports Jump in Profit
CSX Corp. reported a sharp increase in profit in the latest
quarter as the railroad operator benefited from cost cuts and
higher freight rates after a tumultuous 2017.
BHP Billiton Iron Ore Output Rises, Copper Jumps
BHP Billiton Ltd. said it produced 3% more iron ore last fiscal
year, as its Australian mining operations churned out the commodity
at record rates, while the company's output of copper jumped and
petroleum fell.
Building Products Companies NCI, Ply Gem to Merge
Building materials manufacturers NCI Building Systems Inc. and
Ply Gem Parent LLC have agreed to merge, creating a company with an
implied equity value of $2.6 billion.
Texas Instruments CEO Resigns After Code of Conduct Violations
Texas Instruments Inc.'s Chief Executive Brian Crutcher has
resigned over violations of the company's code of conduct, the
analog chip giant said, less than two months after taking control
of the company.
United Beats Earnings Expectations
United Continental Holdings Inc. said its profit is rising
despite surging jet fuel costs, as efforts to build market share
begin to pay off.
América Móvil Registers Small Second-Quarter Net Loss
Latin America's largest telecommunications company, América
Móvil SAB, had a small net loss in the second quarter as
foreign-exchange losses from a weaker Mexican peso offset increases
in revenue and operating profits.
Airbus Sees Broad Benefits from Satellite Joint Venture
Airbus says working with internet-service startup OneWeb is
helping it maintain a head start over competitors seeking to launch
small-satellite constellations.
(END) Dow Jones Newswires
July 17, 2018 23:15 ET (03:15 GMT)
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