News Highlights: Top Company News of the Day
July 16 2019 - 2:15PM
Dow Jones News
McDonald's Deal With DoorDash Delivers Blow to Uber Eats
DoorDash Inc. will start making deliveries from McDonald's Corp.
restaurants in Houston later this month, a blow to Uber
Technologies Inc.'s deal to ferry the burger giant's food to
customers in the U.S.
Blue Apron's Beyond Meat Deal Lacks Substance
The meal kit company said it would add plant-based proteins to
some of its meals as part of a collaboration with Beyond Meat
beginning in August. But for Blue Apron, this gold is likely to
tarnish.
Trucking Stocks Race Higher on J.B. Hunt's Good News
America's trucking companies are revving up thanks to an upbeat
report from J.B. Hunt Transport Services, signaling the transport
sector could be turning a corner.
Facebook Faces Critics, Potential Allies at Digital-Currency Hearing
Top Senate lawmakers questioned Facebook's plans for its own
cryptocurrency, with the banking committee's leading Democrat
saying the social-media giant isn't trustworthy enough to operate
its own digital money.
Consumer Lending Powers Big-Bank Earnings, Upstaging Wall Street
U.S. consumers are taking advantage of low interest rates to
borrow and spend, boosting banks that cater to Main Street and
leaving behind those that don't.
Steve Cohen's Point72 Loses Long-Tenured Money Managers
About 20 portfolio managers have left Steven A. Cohen's
hedge-fund firm Point72 Asset Management this year, an unusual
level of turnover.
Johnson & Johnson Bumps Up Sales Target
J&J raised its forecast of 2019 sales as it reported
quarterly results, but costly product litigation continues to weigh
on the health-care giant.
Domino's Pizza Reports Slowing Growth
Domino's Pizza Inc.'s business slowed in its latest quarter,
raising fears among some investors about competition the pizza
chain faces as food-delivery options grow.
KeyCorp Finds Fraudulent Activity Estimated at Up to $90 Million
KeyCorp said it discovered fraudulent activity with potential
exposure of up to $90 million associated with transactions
conducted in the third quarter by a business customer.
UAW Talks Open With Labor Costs Rising, Slowdown Looming
After years of prosperity, car companies in Detroit are entering
contract talks with the UAW this week. Their top concern is capping
fast-rising labor costs ahead of a downturn in the U.S. auto
industry.
(END) Dow Jones Newswires
July 16, 2019 15:00 ET (19:00 GMT)
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