News Highlights: Top Company News of the Day
27 July 2017 - 9:30AM
Dow Jones News
Facebook Profit Jumps 71%
Facebook's profit rose a better-than-expected 71% in the second
quarter, as the social-media giant benefited from expanding its use
of ads.
Foxconn to Build $10 Billion Factory in U.S.
The company, which makes iPhones and other gadgets for Apple,
plans to build a plant in Wisconsin that a White House official
said will initially bring 3,000 jobs to the state.
Paypal Profit Rises as User Growth and Volume Hit Milestones
PayPal Holdings Inc. said that new milestones reached in user
growth and payment volume helped boost its second-quarter profit by
27%.
Boeing Curbs Costs, Boosting Profits and Shares
Boeing raised its full-year profit guidance and continues to
clamp down on the cost of building jetliners, boosting profits at
the world's largest aerospace company. Its shares jumped more than
9%.
Whole Foods Sales Fall Again
Whole Foods Market Inc. said Wednesday that comparable sales
fell again in the latest quarter, extending a streak going back two
years as the natural grocer faced up to tougher competition.
Restraining Orders Issued in Wells Fargo Client-Data Release
Two courts blocked a former Wells Fargo & Co. broker and his
attorneys from sharing or reviewing data accidentally shared with
them on tens of thousands of the bank's wealth-advisory
clients.
Whitman Steps Down From HP Board
HP said Meg Whitman, Hewlett Packard Enterprise's chief
executive, was stepping down from its board of directors, effective
immediately.
State Street CEO: 'All Engines Were Firing' During Second Quarter
State Street Corp.'s second-quarter profits beat Wall Street's
estimates as rising interest rates and a market rally lifted
revenue.
Ford's Stock Takes Hit as It Signals Lower Pretax Profit
Ford's net income rose slightly in the second quarter due to a
better-than-expected tax rate and healthy financing arm profits but
Wall Street reacted negatively to revised full-year guidance that
indicated it expects pretax profit this year to be down from
2016.
Coca-Cola to Replace Coke Zero in the U.S.
Coca-Cola Co. is replacing Coke Zero in the U.S. with another
diet-soda brand, an effort to hold on to consumers cutting back on
sugary drinks.
(END) Dow Jones Newswires
July 26, 2017 19:15 ET (23:15 GMT)
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