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News Highlights: Top Company News of the Day

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07/16/2019 | 09:16am EDT
Wells Fargo Posts Higher Profit 
 

Wells Fargo posted higher second-quarter profit on a gain from selling old mortgages and lower expenses.

 
Goldman Sachs Reports Profits, Revenue Decline 
 

Goldman Sachs Group's quarterly profit slipped 6% as clients, spooked by trade tensions and interest-rate whiplash, kept their money on the sidelines. Revenue also fell.

 
JPMorgan Chase Reports Rising Profit 
 

JPMorgan Chase's second-quarter profit rose 16%, with the strong performance of its consumer businesses offsetting a slowdown across its other operations.

 
Johnson & Johnson Bumps Up Sales Target 
 

Johnson & Johnson raised its sales guidance in the latest quarter as it continues to expand its pipeline and wins regulatory approvals.

 
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.

 
Growth At Domino's Slows In 2Q 
 

The pizza chain's revenue rose 4% from the year earlier to $811.6 million. But analysts polled by FactSet expected $837 million for the period.

 
Rio Tinto Faces Delays, Added Costs for Big Copper-Mine Project 
 

Rio Tinto said it will take longer and cost more than expected to finish building one of the world's biggest copper mines in Mongolia's remote southern Gobi desert.

 
BHP and the Long Goodbye From Coal 
 

Power coal has generated big profits for miners over the years, but these days it mostly generates trouble. That doesn't mean getting out of the business is easy.

 
737 MAX Woes Hobble Budget Carrier Ryanair 
 

Ryanair said delays in deliveries of Boeing's 737 MAX passenger jet will lower growth next summer, forcing Europe's largest budget airline to close some of its bases and make cuts at others this winter.

 
Quibi to Create Daily News Show With NBC 
 

Quibi will launch a twice-daily news show in partnership with NBC News, part of a strategy to lure viewers to its short-form streaming service every day.

Stocks mentioned in the article
ChangeLast1st jan.
GOLD 0.07% 1514.89 Delayed Quote.18.32%
GOLDMAN SACHS GROUP INC -0.69% 213.74 Delayed Quote.27.95%
JP MORGAN CHASE & COMPANY -0.40% 118.9 Delayed Quote.21.80%
KEYCORP -1.55% 17.77 Delayed Quote.20.23%
LME COPPER CASH 0.33% 5777.5 End-of-day quote.-1.05%
RIO TINTO LIMITED -0.64% 92.44 End-of-day quote.18.57%
RIO TINTO PLC -0.62% 4233 Delayed Quote.13.49%
RYANAIR HOLDINGS 0.75% 10 Delayed Quote.-7.67%
SILVER 1.72% 18.286 Delayed Quote.16.20%
WELLS FARGO & COMPANY -0.57% 48.63 Delayed Quote.5.53%
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