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News Highlights: Top Company News of the Day

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10/17/2019 | 01:16pm EST
Trading, Tax Benefit Lift Morgan Stanley Profit 

Morgan Stanley's third-quarter profit rose 3% from a year ago, the last major U.S. bank to skate through a period of global tensions and shifting markets.

Pentagon Awards Patriot Radar Deal to Raytheon 

The Pentagon awarded Raytheon a contract valued by analysts at up to $5 billion to build a new radar for the Patriot missile defense system, concluding one of the year's most closely watched weapons contests.

Nestlé to Refresh Bottled-Water Business as Sales Turn Flat 

The world's biggest bottled-water maker is overhauling that business as the industry navigates big consumer shifts-from the rise of sparkling water to a backlash against single-use plastic.

Renault Cuts 2019 Guidance on Unfavorable Economic Environment 

Renault cut its revenue and operating margin guidance for the year, citing an unfavorable economic environment.

Shampoo Giants Go Head to Head 

Unilever-the maker of Dove and TRESemmé-is engaged in a shampoo war with Pantene owner Procter & Gamble, cutting prices in the U.S. as it aims to gain market share.

Union Pacific Plans More Job Cuts as Demand Falls Off 

Union Pacific said it would continue cutting jobs as slower economic growth hampers demand for railroad shipments and as it works to boost productivity.

PPG Reports Slightly Higher Sales 

PPG's sales inched higher in its latest quarter, as higher prices helped offset lower sales volume for the Pittsburgh-based paint maker.

Honeywell Sales Miss Expectations 

Industrial conglomerate Honeywell International reported a lower profit for the third quarter and overall sales that fell a bit lower than what Wall Street analysts predicted.

Pernod Ricard Sales Growth 'Moderate' 

Pernod Ricard said organic sales grew 1.3% during the first quarter and confirmed that profit from recurring operations should hit its 5%-7% target in 2020.

Ericsson Boosted by 5G Expansion 

Ericsson lifted its sales and margin targets after posting strong momentum in its business as operators in the U.S. and North East Asia forge ahead with their 5G network spending.

Stocks mentioned in the article
ChangeLast1st jan.
ERICSSON AB 2.06% 88 Delayed Quote.10.65%
HONEYWELL INTERNATIONAL INC. 1.17% 181.75 Delayed Quote.37.56%
MORGAN STANLEY 0.78% 48.99 Delayed Quote.23.56%
NISSAN MOTOR CO., LTD. -0.70% 681.5 End-of-day quote.-20.39%
PERNOD RICARD 0.24% 170.05 Real-time Quote.18.67%
RAYTHEON 1.01% 218.88 Delayed Quote.42.73%
RENAULT 0.52% 44.45 Real-time Quote.-18.52%
UNILEVER N.V. -0.41% 53.48 Delayed Quote.12.83%
UNION PACIFIC 0.86% 176.27 Delayed Quote.26.43%
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