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News Highlights: Top Company News of the Day

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07/16/2019 | 11:16am EDT
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's Profit Boosted by Consumer Unit 

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

Wells Fargo Posts Higher Profit 

Wells Fargo said second-quarter profit rose, though the bank had to pay up to satisfy depositors.

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.

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.

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.

Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.15% 1495.142 Delayed Quote.17.19%
GOLDMAN SACHS GROUP INC 0.87% 202.42 Delayed Quote.21.17%
JP MORGAN CHASE & COMPANY 1.03% 108.72 Delayed Quote.11.37%
KEYCORP 1.16% 16.57 Delayed Quote.10.83%
LME COPPER CASH -0.50% 5668 End-of-day quote.-2.93%
RIO TINTO LIMITED 0.61% 84.21 End-of-day quote.9.38%
RIO TINTO PLC -1.14% 3946 Delayed Quote.5.79%
RYANAIR HOLDINGS 0.47% 8.538 Delayed Quote.-20.07%
WELLS FARGO & COMPANY 1.38% 45.62 Delayed Quote.-1.00%
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