News Highlights: Top Company News of the Day
22 August 2019 - 11:30PM
Dow Jones News
Hormel Foods Profit Falls
Hormel Foods said profit and sales fell in the third fiscal
quarter as results from its grocery-products segment dragged the
bottom line down.
Home-Builder Stocks Soar Past S&P 500
Home-builder shares are fast approaching their highs for the
year, moving past steep 2018 losses because of a combination of
falling mortgage rates and firming housing data.
PG&E Inspected Power Line Weeks Before It Sparked Deadly Camp Fire
PG&E conducted an unusual inspection of the power line that
sparked the deadliest wildfire in California history, a step the
utility said it normally takes only when it suspects a problem.
Facebook's Libra Bets It Can Bank the Unbanked
Facebook has an ambitious goal for its proposed cryptocurrency,
Libra: to bring financial services to the hundreds of millions of
people world-wide who don't use banks or other traditional
institutions. The cryptocurrency sector has for years tried to do
the same and failed.
Uber's Long Road to Profits
Cheap fares helped Uber Technologies grow into a global giant.
They also look to be a lasting brake on its share price.
Health Insurers Set to Expand Offerings Under the ACA
Insurers are expanding their Affordable Care Act plan offerings
for next year, with the once-troubled business now generating
profits, even as the overall individual-insurance market has
shrunk.
Electric Vehicles Run Into China's Regulatory Change
Electric vehicles are colliding with a regulatory change in
China, as results from Buffett-backed BYD show.
Alibaba Puts Hong Kong Listing on Hold as Protests Roil City
Alibaba has postponed plans for a multibillion-dollar share
listing in Hong Kong, as protests now in their third month exact a
deepening economic cost.
Splunk to Buy Cloud-Monitoring Software Maker SignalFx for $1.05 Billion
Splunk reached a $1.05 billion deal to buy cloud-monitoring
startup SignalFx, a deal that would strengthen the cybersecurity
and data-analytics firm's offerings.
Simply Good Foods to Buy Protein-Food Producer for $1 Billion
Simply Good Foods Co., the maker of Atkins-branded food
products, is buying a privately held food company for $1
billion.
(END) Dow Jones Newswires
August 22, 2019 09:15 ET (13:15 GMT)
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