News Highlights: Top Company News of the Day
24 April 2018 - 11:15AM
Dow Jones News
Google Parent Posts Surge in Profit, but Expenses Also Jump
Google parent Alphabet posted surging profits as advertisers
kept swarming to the search giant amid a global debate about
internet privacy that threatens to affect its main revenue
generator.
XPO Logistics Names Former Amazon Executive as COO
Kenneth Wagers moves to acquisition-focused XPO from Amazon's
transportation and logistics operation, Troy Cooper is named
president.
United Board Seeks New Chairman, CEO Takes Pay Cut
The board of United Continental Holdings says it will nominate a
new chairman from within its ranks after veteran industry executive
Robert Milton opted to leave the third-largest U.S. carrier.
Appeals Court Rules Monkey Can't Own Copyright of Selfie
Animals have no legal ability to hold copyright claims, a
federal appeals court ruled in rejecting an animal-rights group's
suit on behalf of an Indonesian monkey that took selfies with a
wildlife photographer's camera.
California Treasurer Calls for Wells Fargo CEO Removal Amid 'Laundry List of Misdeeds'
California State Treasurer John Chiang called for the removal of
Wells Fargo Chief Executive Timothy Sloan on Monday, citing the
bank's widespread problems.
Verizon 1Q Earnings: What to Watch
Verizon is scheduled to report its first-quarter earnings before
the market open Tuesday. Analysts polled by Thomson Reuters expect
an adjusted per-share profit of $1.10, up from 95 cents a year
earlier.
Newell Brands Strikes Deal to Avoid Proxy Battle
Newell Brands and Carl Icahn have struck a deal with a second
activist investor, heading off a potentially damaging proxy fight
as the maker of Elmer's Glue, Sharpie markers and Mr. Coffee
machines works to shed assets and turn around its operations.
SoftBank and Google Funds to Invest in Chinese Truck-Hailing Firm
Japan's SoftBank and Alphabet's late-stage venture investment
fund are among investors plowing close to $2 billion into a Chinese
truck-hailing company.
U.S. Hospital Profits Fall as Labor Costs Grow and Patient Mix Shifts
One important measure of U.S. hospital profits last year reached
a low not seen in the past decade, as a tight labor market and
other factors pressure hospital finances.
AT&T's Defense Invokes Big Tech Terror
In the U.S. government's lawsuit to block the merger of AT&T
with Time Warner, the two companies say the deal needs to be
approved for them to survive an onslaught from big tech. Yet, the
imminent doom they conjure doesn't entirely hold up.
(END) Dow Jones Newswires
April 23, 2018 21:00 ET (01:00 GMT)
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