News Highlights: Top Company News of the Day
17 July 2018 - 3:30AM
Dow Jones News
FCC Chairman Has 'Serious Concerns' With Sinclair-Tribune Deal
A top federal communications regulator said he had "serious
concerns" about Sinclair Broadcast's $3.9 billion acquisition of
Tribune Media.
Bank of America's Profit Rises 33%
Bank of America reported higher earnings in its second quarter
as U.S. interest rates' upward climb helped the lender's
results.
Whirlpool Wanted Washer Tariffs. It Wasn't Ready for a Trade War.
Trade barriers can ricochet through an economy in ways even
proponents don't expect, as shown by washers, among the first
consumer products targeted. The protection against overseas
competitors has been more than negated by subsequent metals
tariffs. Prices are up and demand is softening.
BlackRock's Investor-Cash Inflows Slide
BlackRock pulled in $20 billion in new investor cash in the
second quarter, its lowest haul in two years as a global trade rift
made investors increasingly skittish.
J.B. Hunt Profit, Revenues Soar on Surging Freight Demand
Transportation operator leads off second-quarter earnings
reports for sector saying it saw double-digit gains in trucking,
rail pricing measures.
Uber Faces U.S. Probe Over Alleged Gender Discrimination
Uber is the subject of an investigation by the U.S. Equal
Employment Opportunity Commission stemming from a complaint about
gender inequity, part of a series of federal probes of the ride
hailing giant.
Barclays Mulls U.S. Push as Activist Looms
Barclays is considering doubling down on America as CEO Jes
Staley comes under pressure from an activist shareholder to boost
the bank's stagnant share price.
Elon Musk Lashes Out at Cave Rescuer in Twitter Outburst
Musk for years has used Twitter to combat critics in ways that
few other business leaders would dare. His latest outburst on the
platform-in which he suggested a British cave rescuer is a
pedophile-was extreme even by his standards.
Deutsche Bank Shares Soar as Profit Beats Forecasts
Deutsche Bank said second-quarter profit and revenue would come
in above analysts' forecasts, a boost for the German bank's new
chief executive as he seeks to revive the lender's fortunes.
Startup Producing Cell-Grown Meat Raises New Funding
German drugmaker Merck and a top European meat processor are
backing a startup producing beef from cattle cells, ramping up a
race to transform the global meat industry with cell-culture
technology.
(END) Dow Jones Newswires
July 16, 2018 13:15 ET (17:15 GMT)
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