News Highlights: Top Company News of the Day
October 16 2018 - 3:15PM
Dow Jones News
Lyft Picks Underwriters for Offering
Ride-hailing firm Lyft recently selected underwriters for an IPO
that is likely to take place in the first half of 2019. The firm's
valuation is expected to top the $15.1 billion it was valued at
earlier this year.
Goldman Sachs, Morgan Stanley Show Wall Street Charging Ahead
Goldman Sachs and Morgan Stanley both reported sharply higher
third-quarter profits Tuesday, wrapping up a week of big-bank
earnings reports that reflect the strength of a U.S. economy
shrugging off geopolitical turmoil.
Federal Judge Approves Musk, Tesla Settlements With SEC
A federal judge approved settlements between Elon Musk, Tesla
and securities regulators over the chief executive's August tweet
saying he had secured funding to take the auto maker private.
Uber Proposals Value Company at $120 Billion Ahead of Possible IPO
The ride-hailing company recently received proposals from banks
valuing it at as much as $120 billion in an initial public offering
that could take place early next year.
Blue Apron Refinances Debt
Blue Apron Holdings, the meal-kit delivery company that has
fallen short of investor expectations, last week refinanced its
long-term debt, extending the maturity date to February 2021 from
August 2019.
Encouraging Test Results for Health-Care Giants
Third-quarter results from Johnson & Johnson and
UnitedHealth suggest a strong health-care earnings season.
Nomura to Pay $480M Civil Penalty in Connection with RMBS
Nomura Holding America agreed to pay a $480 million penalty to
resolve federal civil claims that it misled investors in connection
with the marketing, sale and issuance of residential
mortgage-backed securities between 2006 and 2007, the Justice
Department said.
Google Will Charge Phone Makers to Pre-Install Apps in Europe
Alphabet's Google will start charging device manufacturers fees
to pre-install Google apps on devices running the company's Android
operating system in Europe.
Omnicom Gets a Boost from Increase in Client Spending
Advertising giant Omnicom Group reported better-than-expected
earnings, easing investor concerns over the advertising industry's
ability to weather technological disruption.
BlackRock Posts First Investor Outflow in Three Years
Investors pulled cash from BlackRock for the first time in three
years, the latest sign of investor unease about the direction of
global markets.
(END) Dow Jones Newswires
October 16, 2018 15:00 ET (19:00 GMT)
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