News Highlights: Top Company News of the Day
April 30 2017 - 10:30PM
Dow Jones News
Twitter Teams Up With Bloomberg
Twitter is joining forces with Bloomberg to create a service
that will stream news produced solely for the social-media company
24 hours a day, seven days a week.
Apple's Cash Hoard Set to Top $250 Billion
Apple likely will report Tuesday that its cash hoard has topped
a quarter of a trillion dollars-an unrivalled milestone that could
ratchet up pressure on the tech giant to make splashier
acquisitions or dole out more money to shareholders.
Big-Name Food Brands Lose Battle of the Grocery Aisle
America's packaged-food giants are losing the battle for
retailers' shelf space, complicating their efforts to break out of
a yearslong slump.
Detroit Auto Makers Are Upbeat as Sales Volumes Stall
U.S. car sales may be slowing, but the profit engines of
Detroit's Big Three auto makers are still in high gear.
Apple Has More Room to Grow
Apple's shares are expected to continue rallying ahead of the
release of the highly anticipated new iPhone later this year.
As Retailers Race to Close Stores, a Web Startup Is Opening Them
While many retailers are scrambling to close storefronts, one
internet upstart is opening them-but for just a few months at a
time.
Brazil Former Billionaire Eike Batista Released to House Arrest Ahead of Trial
Brazilian businessman Eike Batista was released from prison
early Sunday to house arrest, where he will continue to be
monitored while he awaits trial on charges of corruption and money
laundering.
Target ro Open on the Lower East Side
Target Corp. has signed a lease to open a 22,500 square-foot
store at the 1.9 million-square-foot development stretching across
several Manhattan blocks called Essex Crossing.
Drug Makers Take Page From Hollywood to Spread the Risk
Private-equity firms and other investors are funding late-stage
clinical trials, shouldering the risk for pharmaceutical companies
like Pfizer in exchange for a share of the upside if a drug
succeeds.
Exxon, Chevron Earnings Point to Industry Recovery
The world's biggest oil companies are seeing their highest
profits in more than a year, an early signal that they may be
turning a corner on their long path to recovery.
(END) Dow Jones Newswires
April 30, 2017 23:15 ET (03:15 GMT)
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