News Highlights: Top Company News of the Day
July 23 2019 - 1:30PM
Dow Jones News
Apple's and Intel's No-Brainer Deal
Apple buying Intel's modem-chip business would be good for
both-and bad for Qualcomm.
Flaw in Facebook's Messenger Kids Exposed Children to Unauthorized Chats
A technical error allowed children on a Facebook messaging app
to interact with users who weren't approved by their parents, the
latest misstep that further mars the company's record on privacy
and security.
Coca-Cola Sales Boosted by Soda Gains, Coffee Push
Coca-Cola's quarterly profit and sales rose, boosted by higher
demand for its namesake soft drinks and the introduction of coffee,
energy drinks and other products.
United Technologies Defends Raytheon Deal
United Technologies executives defended their deal-making
strategy and slightly raised their 2019 outlook as strength in its
aerospace business outshined other businesses in the second
quarter.
Occidental Could Leave Sour Aftertaste for Buffett's Deal Money
Warren Buffett may like to keep his mergers friendly, but his
money is certainly kicking up a fuss.
Brunswick Cuts Costs to Streamline Marine Businesses
Brunswick said it would cut 9% of workforce in its boat and
marine-engine businesses as the company aims to streamline its
operations.
Kimberly-Clark Raises Full-Year Outlook as Organic Sales Grow
Kimberly-Clark raised its top- and bottom-line outlook for the
full year to reflect strong profit and organic sales results in the
latest quarter and an improving commodity environment.
Harley-Davidson Cuts Forecast for Motorcycle Shipments
Harley-Davidson cut it forecasts for motorcycle shipments this
year and reported weaker sales and profit in the second
quarter.
Daimler Deepens Ties With China in New Deal
China's state-owned Beijing Automotive Group has acquired a
stake of 2.48% in Daimler with an option to raise it to 5%,
bringing Chinese ownership of one of Germany's flagship companies
to around 15%.
Travelers Posts Higher Profit
Travelers Cos.' earnings rose in the latest quarter as the
insurance company reported lower catastrophe losses and higher net
investment income.
(END) Dow Jones Newswires
July 23, 2019 13:15 ET (17:15 GMT)
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