News Highlights: Top Company News of the Day
April 28 2017 - 10:30AM
Dow Jones News
Exxon Profit Jump a Sign of Strengthening Oil Companies
Exxon Mobil's profit more than doubled in the first quarter of
the year as the oil and gas giant signaled a strengthening in
business amid a reprieve in commodity price depression.
Truck, SUV Sales Power GM's Profit
GM's first-quarter net income rose 34%, as strong sales of
pickup trucks and SUVs in the U.S. continue to offset softening in
the car market and troubles in regions like South America.
Time Inc. Rebuffs Suitors and Decides to Go It Alone
Time Inc., the storied magazine publisher turned struggling
online media company, has decided not to sell itself despite
generating interest from various parties.
Appeals Court Affirms Decision Blocking Anthem-Cigna Merger
A federal appeals court on Friday declined to allow health
insurer Anthem Inc. to acquire Cigna Corp., affirming a trial
judge's recent ruling that blocked the deal on antitrust
grounds.
Deutsche Bank Names Citigroup's Von Moltke CFO
Deutsche Bank names Citigroup Treasurer James von Moltke, a
former investment banker, as the German lender's new finance
chief.
Chevron Swings To Profit On Cost Cuts, Higher Oil Prices
The oil-and-gas giant reports a profit of $2.68 billion as
progress continues on reducing its workforce and capital
expenditures in response to market conditions
Sony Expects Operating Profit to Surge to $4.5 Billion
Sony said this fiscal year is shaping up to be profitable across
all its main businesses, marking what executives see as the
successful end of a turnaround plan.
Barclays Net Profit Tumbles on Africa Write-Down
Barclays said its net profit fell by more than half in the first
quarter of the year, as the British bank's bottom line was stung by
the cost of shedding its African business and weaker-than-expected
returns at its investment bank.
UBS Profit Surges, Beats Forecasts on Wealth-Management Gains
The Swiss bank posted first-quarter net income of $1.31 billion,
beating analysts' expectations and buoyed by gains in its
investment-banking and wealth-management businesses.
Didi, China's Uber, Raises $5.5 Billion
China's Didi Chuxing Technology said it raised $5.5 billion in a
new funding round, valuing the ride-hailing company at more than
$50 billion.
(END) Dow Jones Newswires
April 28, 2017 11:15 ET (15:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.