News Highlights: Top Company News of the Day

Date : 16/04/2018 @ 23:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Bank of America's Profits Lifted by Tax Law, Rising Interest Rates 
 

Bank of America reported higher first-quarter earnings, boosted by the U.S. tax law and continued rising interest rates. The results extended the string of better-than-expected results from the nation's biggest banks.

 
Icahn Enterprises Selling Tropicana Entertainment for $1.85 Billion 
 

Carl Icahn's company is selling its majority-owned gaming subsidiary, Tropicana Entertainment, for about $1.85 billion, Icahn Enterprises said Monday.

 
Shire to Sell Oncology Unit as Takeda Mulls Takeover 
 

Shire has agreed to sell its oncology business to French drugmaker Servier for $2.4 billion, in a deal that could discourage Takeda from launching a takeover.

 
Volkswagen Unit Considering Full Takeover of Truck Maker Navistar 
 

Volkswagen's commercial-vehicles unit said it is considering a full takeover of Navistar, an Illinois-based truck maker valued at about $3.66 billion-an ambitious move for the German auto maker just days after naming a new CEO.

 
Coffee Brands Fight California Ruling on Cancer Warnings 
 

The coffee industry is fighting the suggestion its products could cause cancer.

 
How These Investors Saw Facebook's Privacy Scandal Coming 
 

When Facebook's share price tumbled last month following reports that a U.K. consulting firm had improperly obtained profile information of 87 million users, many investors were stunned.

 
Some Stock Pickers Sour on Facebook 
 

Stock-picking fund managers have soured on Facebook since the social network's revelation that millions of users' data were compromised, with some either partially or completely abandoning their positions.

 
Starbucks Faces Backlash Over Arrest of Black Men 
 

Starbucks is facing pressure following the arrest Thursday of two black men at one of its locations in Philadelphia.

 
Elliott Builds Stake in Whitbread 
 

Shares in Whitbread rose after U.S. hedge fund Elliott Management said it has built up a stake of more than 6% in the owner of Costa Coffee and Premier Inn.

 
WPP Chief Executive Martin Sorrell, Contending With Probe, Decided to Resign 
 

Before stepping down, Martin Sorrell faced a choice: endure an investigation into an allegation of personal misconduct, or leave the advertising giant he founded three decades ago, say people familiar with the board and Mr. Sorrell.

 
 

(END) Dow Jones Newswires

April 16, 2018 09:15 ET (13:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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