News Highlights: Top Company News of the Day
Goldman Misses Big on Trading, Trails Rivals Badly
A rare trading stumble from Goldman Sachs ended a streak of strong earnings for big U.S. banks and set the Wall Street powerhouse, fresh off a leadership transition, on its heels early in the year. Shares declined about 5%.
Bank of America Reports Jump in Earnings
Bank of America said its first-quarter profit beat expectations as trading jumped and the lender started to see the benefits of a long-awaited rise in interest rates.
United Airlines Says Corporate Clients Seek Policy Fixes
United Airlines's lucrative corporate clients are pushing the airline to fix its customer service, the carrier's president said on Tuesday.
Facebook's Mark Zuckerberg Sets His Sights on Augmented Reality
Mark Zuckerberg announced at the annual F8 developers' conference that Facebook would make its augmented-reality tools, which mix the physical and digital worlds, available to third-parties to create masks, filters and other effects.
Snapchat Unveils Augmented-Reality Feature to Enrich Surroundings
Users can add special effects to the background of photos and videos they shoot on their smartphones, which the company could use to capture data on products that might be of value to advertisers.
J&J Lifts Forecast on Actelion Tie-Up
Johnson & Johnson posted underwhelming sales in the latest quarter amid soft results in the U.S., but the company boosted its forecasts for the year as it works to close the largest acquisition in its history to drive growth.
UnitedHealth Profits Rise as it Exits Exchanges
UnitedHealth reported revenue and profits rose as the company pulled back sharply from the Affordable Care Act's exchanges and saw rapid growth in its Medicare business.
Cardinal Health to Buy Medtronic Businesses for $6.1 Billion
Cardinal Health struck a deal to buy part of Medtronic's patient monitoring and recovery unit for $6.1 billion, bringing businesses under Cardinal's roof that it has sought for years but also boosting its debt load.
Volkswagen Reveals Strong First-Quarter Operating Profit
Volkswagen reported higher than expected pretax profit as first-quarter earnings at the namesake VW brand beat expectations on the back of strong sales of new models and cost-cutting.
Arizona Attorney General Reaches Settlement With Theranos
More than 175,000 Arizona residents who received Theranos's blood tests will receive a full refund under a pact reached between the embattled laboratory firm and the Arizona attorney general.