News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Facebook Profit Jumps 71%

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Facebook's profit rose a better-than-expected 71% in the second quarter, as the social-media giant benefited from expanding its use of ads.

Boeing Curbs Costs, Boosting Profits and Shares

Boeing raised its full-year profit guidance and continues to clamp down on the cost of building jetliners, boosting profits at the world's largest aerospace company. Its shares jumped more than 9%.

Whole Foods Sales Fall Again

Whole Foods Market Inc. said Wednesday that comparable sales fell again in the latest quarter, extending a streak going back two years as the natural grocer faced up to tougher competition.

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Ford's Stock Takes Hit as It Signals Lower Pretax Profit

Ford's net income rose slightly in the second quarter due to a better-than-expected tax rate and healthy financing arm profits but Wall Street reacted negatively to revised full-year guidance that indicated it expects pretax profit this year to be down from 2016.

Berkshire's $9 Billion Oncor Price May Drop if Timeline Slides

Berkshire Hathaway Energy is threatening to walk away from its proposed takeover of Oncor Electric Delivery, or at least to lower its $9 billion offer price, if the deal's timetable is drawn out to make room for a rival proposal from Elliott Management.

State Street CEO: 'All Engines Were Firing' During Second Quarter

State Street Corp.'s second-quarter profits beat Wall Street's estimates as rising interest rates and a market rally lifted revenue.

Coca-Cola to Replace Coke Zero in the U.S.

Coca-Cola Co. is replacing Coke Zero in the U.S. with another diet-soda brand, an effort to hold on to consumers cutting back on sugary drinks.

Chipotle Gets Subpoena After Virginia Norovirus Outbreak

Chipotle Mexican Grill Inc. said it received a subpoena related to a recent norovirus outbreak in a Virginia location, an indication that a federal criminal investigation into the chain's food safety problems is widening.

Anthem Seeks Clarity from Health Law Debate

Anthem boosted its full-year outlook as rising enrollment in its health-care plans provided a lift to its second-quarter revenue and earnings

Glaxo Slashes R&D Projects to Focus on Top Prospects

GlaxoSmithKline axed more than 30 drug-research projects to focus on four key disease areas, in a push by new Chief Executive Emma Walmsley to sharpen the company's research-and-development operations.

(END) Dow Jones Newswires

July 26, 2017 17:15 ET (21:15 GMT)