News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Treasury Blocks Chinese Bank From U.S. Financial System Over North Korea Ties

Continue Reading Below

The Trump administration officially cut off a small Chinese bank from the U.S. financial system on Thursday, accusing it of helping North Korea develop its illegal ballistic missile program.

iPhone Demand Charges Apple's Results

Apple extended its year-long rebound in the latest quarter thanks to rising iPhone demand, and the tech giant projected record revenue in the current quarter driven by sales of its highest-priced iPhone model ever.

Apple Calls Up Its Supporting Cast

Mac, iPad and services deliver strong sales while the iPhone cycle gets stretched.

Continue Reading Below

U.S. Expands Union Probe to Ford, GM

General Motors and Ford Motor said they are cooperating with a Justice Department probe of job-training programs set up jointly with the industry's biggest autoworker union.

Unilever Looks to Move Beyond Black Tea With Tazo Buy

Unilever's $384 million deal to buy Tazo tea from Starbucks is its biggest move yet in a pivot from slower growing black tea toward higher-growth brands it hopes will help it foster more discerning-and more profitable-tea drinkers.

T-Mobile, Sprint Working to Salvage Merger

T-Mobile has restarted merger talks with Sprint and the two telecom firms could reach a deal within weeks unless they fail to agree on terms, according to people familiar with the matter.

Streaming Services Help Fuel Growth at CBS

Affiliate and subscription revenue overtook advertising sales as the biggest money-maker for CBS Corp. in the most recent quarter as the once-traditional broadcaster as ramps up its streaming offerings.

Starbucks Lowers Long-Term Target, Selling Tazo to Unilever

Starbucks Corp. offered a muted outlook for future sales and profit, setting what it says are more realistic targets in a tough environment for restaurants and coffee shops.

French Government is Selling Part of Its Stake in Renault

The French government said it is selling a 4.73% stake in Renault SA, after buying shares two years ago to block the auto maker's efforts to change its shareholding rules.

DNAinfo and Gothamist Websites Abruptly Shut Down

A suite of local news websites, including one launched by TD Ameritrade founder Joe Ricketts, abruptly shut down Thursday, a week after its New York journalists voted to unionize.

(END) Dow Jones Newswires

November 02, 2017 21:15 ET (01:15 GMT)