News Highlights: Top Company News of the Day
21 April 2017 - 11:30PM
Dow Jones News
GE, Still Weighed by Energy, Boosts Profit Amid Cost Cutting Plan
GE boosted profit from its core industrial businesses, though it
was still weighed down by its oil-and-gas segment, amid its vow to
cut costs amid investor unease over its performance.
Musk Lays Out Plans to Meld Brains and Computers
Elon Musk confirmed plans for his newest company, Neuralink,
revealing he will be CEO of the startup that aims to merge
computers with brains so humans could one day engage in "consensual
telepathy."
Feeling Pressed, Auto Makers Set Plans to Build Electric Cars in China
Top auto makers are gearing up to build electric cars in China,
despite concerns about demand and the potential their technology
could be compromised in a market with weak safeguards for
intellectual property.
Political Path Narrows for Exxon Deal With Russian Firm
Bipartisan political opposition is taking shape to the request
by Exxon Mobil Corp. for a waiver from U.S. sanctions to allow it
to drill with Russian state-oil giant PAO Rosneft in the Black
Sea.
Airlines Bolster First Class, Skimp on Economy
Big airlines are sharply cutting back fares or amenities for
their lowest-paying customers, while pulling out the stops for more
perks for their premium fliers.
Visa Posts Stronger-Than-Expected Results but Profit Falls on Charges
Visa Inc. reported profit and revenue increases for the first
three months of 2017 that beat Wall Street expectations thanks to
robust growth in transactions and the amount cardholders
charged.
Citizens Defends Financial Checkup Program for Customers
Citizens Financial Group Inc. said it still has confidence in
its program of setting up thousands of appointments with retail
clients, but stopped providing some data on the initiative to
investors in its first-quarter earnings report.
CFPB Sues Mortgage Servicer Ocwen, Alleging Botched Services
Regulators sued Ocwen Financial, alleging the mortgage-servicing
firm harmed thousands of customers by botching basic services.
Bill O'Reilly to Exit Fox News With Payout of About $25 Million
Bill O'Reilly will exit Fox News with a severance package valued
at about $25 million, a person familiar with the matter said, after
he was forced out in the wake of sexual-harassment allegations.
Australia Won't Block CKI's $5.5 Bln Takeover of Duet Group
Australia's government doesn't plan to stand in the way of the
$5.5 billion takeover of utility Duet Group by Hong Kong tycoon Li
Ka-shing's Cheung Kong Infrastructure Holdings.
(END) Dow Jones Newswires
April 21, 2017 09:15 ET (13:15 GMT)
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