News Highlights: Top Company News of the Day
27 July 2017 - 1:30PM
Dow Jones News
Samsung Profit Jumps to Record High for Quarter
Samsung Electronics delivered its biggest-ever quarter of
profits, shrugging off a year of tumult by leaning on its dominance
as a supplier of electronics components that even its rivals can't
do without.
Amazon Enters Singapore With a Pitch to Big Spenders
Amazon.com is launching in Singapore with a twist: It is
targeting loyal, time-strapped shoppers by starting with its more
limited one- and two-hour subscription delivery option.
Former Fiat Chrysler Executives Charged With Making Illegal Payments to UAW Leaders
A federal grand jury indicted a former Fiat Chrysler Automobiles
executive on charges he made illegal payments to United Auto
Workers union leaders and pocketed money from a fund set up to
train workers, U.S. officials said.
Viacom Out of the Running for Scripps Networks
Viacom is out of the running to acquire Scripps Networks
Interactive, leaving Discovery Communications as the only remaining
suitor in talks to purchase the cable TV programmer, people
familiar with the situation said.
American Electric Power to Invest $4.5 Billion in Wind Farm Project
American Electric Power said it will spend $4.5 billion to
develop the one of the largest wind farms in the U.S. and a related
350-mile transmission line.
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%.
Facebook Searches for New Ad Slots as Profit Spikes
Facebook's news feed is running out of room for advertisements,
but the social media giant is making up for it with higher prices
and new slots for ads in videos and its messaging apps. The company
said profit spiked 71% in the second quarter.
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.
(END) Dow Jones Newswires
July 26, 2017 23:15 ET (03:15 GMT)
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