News Highlights: Top Company News of the Day
July 18 2018 - 10:15PM
Dow Jones News
Why the Google Case May Be Too Late to Matter Much
The European Union's $5 billion antitrust action against
Alphabet Inc.'s Google, while historic, ultimately may not prove
too onerous.
Google Hit With Record $5 Billion EU Fine in Android Case
The EU fined Alphabet's Google $5 billion, a record for the bloc
that could loosen the company's grip on its biggest growth engine:
mobile phones.
Papa John's Founder Recently Held Merger Talks With Wendy's
Papa John's founder and recently ousted Chairman John Schnatter
has recently held talks to merge the pizza-delivery company with
Wendy's.
IBM Rides New Businesses to Higher Revenue, Profit
IBM reported higher profit and sales for its latest quarter,
with newer businesses like cloud computing contributing more than
half of total revenue.
American Express Lifts Its Revenue Forecast for the Year
AmEx said that given its financial performance for the first
half of the year, it now expects revenue for the year to increase
at least 9%.
UnitedHealth Is Among Suitors Circling Tenet's Conifer Business
UnitedHealth Group is among suitors exploring an acquisition of
Tenet Healthcare's health-care-management subsidiary, as the
industry giant pursues further expansion.
Justice Department Wants to Speed Appeal of AT&T-Time Warner Deal
The Justice Department on Wednesday sought to fast-track its
appeal of the court decision allowing AT&T to buy Time Warner,
while offering the first hints of its legal arguments for the next
phase of proceedings.
Morgan Stanley's Profit Jumps 39%
Morgan Stanley said its second-quarter earnings rose about 39%
from a year ago, concluding a big-bank earnings season that showed
continued strength in the economy.
Lawmaker Questions U.S. Trustee Over McKinsey's Conflict Disclosures
A Republican member of the House Judiciary Committee asked a
Justice Department unit to detail how it enforces bankruptcy rules,
concerned that undisclosed conflicts at McKinsey & Co.'s
restructuring unit may be compromising the nation's bankruptcy
system.
U.S. Regulators Support Removing Fed Oversight of Zions Bancorp
Regional U.S. banks are moving closer to getting relief from the
stricter oversight they have faced since the 2008 financial
crisis.
(END) Dow Jones Newswires
July 18, 2018 23:00 ET (03:00 GMT)
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