Samsung's Earnings Hot Streak Continues 
 

Sales of memory chips drove the company's fourth consecutive quarter of record operating profits, but investors are focused on how long the good times can keep rolling.

 
Facebook Posts Surge in Revenue as It Tackles User-Data Crisis 
 

Facebook, in its first earnings report after touching off widespread data-privacy concerns, posted soaring revenue and profit that highlighted the company's central place in the digital economy.

 
Senate Banking Chairman Chastises Citibank, Bank of America on Guns 
 

The criticism centers on moves by the banks to stop doing some business with the gun industry after the deadly shooting in February at a Florida high school.

 
PayPal Profit Up on Mobile Payments, Cross-Border Trade 
 

PayPal said on Wednesday that first-quarter profit rose by one-third thanks to increases in mobile payments and cross-border trade.

 
California Water Made Takeover Bid for SJW 
 

A four-way bidding war may break out among water utilities, as SJW had agreed to merge with Connecticut Water, while the firms have since refused offers from California Water and Eversource Energy, respectively.

 
AT&T's Revenue Suffers as Cord-Cutters Hurt 
 

AT&T Inc.'s quarterly revenue declined as growth in the company's streaming video service wasn't enough to offset losses of more profitable wireless and satellite accounts.

 
Activist Investor TCI Has Built Stake of Over 4% in Fox 
 

London-based activist investor Chris Hohn has built a roughly $3 billion stake in 21st Century Fox, a position that makes him one of the largest holders of a company at the center of a global takeover battle.

 
Sonos Prepares for IPO as Soon as June 
 

Sonos, the Santa Barbara, Calif.-based wireless-speaker company, is preparing for an initial public offering that could come as soon as June or July, and give the company a valuation of between $2.5 billion and $3 billion.

 
Visa Profit Rises Sixfold as Card Spending Growth Continues 
 

Visa's quarterly profit surged sixfold, bolstered by increased consumer spending on credit and debit cards and the integration of its European business.

 
WeWork Raises $702 Million With First Bond Sale 
 

WeWork Cos. sold $702 million of bonds Wednesday, becoming the latest startup to win over debt investors despite a cash-burning history that is atypical for a bond issuer.

 
 

(END) Dow Jones Newswires

April 26, 2018 01:15 ET (05:15 GMT)

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