News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Google Parent Alphabet's Revenue Continues to March Higher

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Google parent Alphabet Inc. posted a sharp increase in first-quarter revenue, continuing a trend of sharp growth seemingly unscathed by boycotts from some of its major advertisers.

Amazon Posts Bigger-Than-Expected Increase in Profit posted a 41% rise in first-quarter profit, even as the company is spending heavily on everything from international expansion to video content. Shares climbed 4% after hours as the results beat Wall Street estimates.

Microsoft's Office 365, Cloud Businesses Power Earnings

The Azure business again posted torrid growth as corporate customers adopt the cloud service to handle larger pieces of their computing operations.

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Third Point Calls for Honeywell to Spin Off Aerospace Unit

Activist investor Third Point LLC disclosed it has taken a stake in Honeywell International Inc. and called on the conglomerate's newly appointed chief executive to spin off its aerospace business.

Starbucks Misses Growth Expectations in U.S. Stores

Starbucks Corp. missed sales expectations in its home market and globally, with sales up 3% overall and in the U.S. in its second quarter.

Another Large Investor Calls on Whole Foods to Explore Sale

Mutual-fund manager Neuberger Berman is calling on Whole Foods Market to explore a sale, a few weeks after activist investor Jana Partners disclosed a nearly 9% stake in the grocery chain and called for a similar review.

United Reaches Settlement With Passenger Dragged Off Flight

United Airlines reached an agreement with David Dao, a Kentucky doctor who was forcibly pulled off a flight in Chicago earlier this month.

Intel Profit Rises

Intel's quarterly earnings soared 45%, as strong sales of high-end processor chips outweighed high costs in what is normally its most profitable business.

Uber's Self-Driving Car Chief Steps Aside

Anthony Levandowski, the man at the center of Uber Technologies Inc.'s legal spat with rival Alphabet Inc. over allegedly stolen self-driving car technology, is stepping aside as chief of the high-profile project.

Comcast Results Top Expectations as Cable Giant Preps for Wireless Entry

Comcast's results offered a glimpse into why it is jumping into the wireless business: Consumers don't want a landline phone anymore, limiting the appeal of its lucrative "triple play" bundles.

(END) Dow Jones Newswires

April 27, 2017 19:15 ET (23:15 GMT)