News Highlights: Top Company News of the Day
June 14 2018 - 6:30AM
Dow Jones News
$65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight
Comcast made an unsolicited offer to buy most of 21st Century
Fox for roughly $65 billion, kicking off a bidding war with Walt
Disney as the two media titans jockey for position in a business
undergoing tumultuous change.
Rolls-Royce to Cut 4,600 Jobs
British aircraft-engine maker Rolls-Royce, facing investor
pressure to boost competitiveness, said it would shed 4,600 jobs
even as it grapples with mounting problems with an engine powering
Boeing 787 Dreamliners.
Goodbye London: Unilever Set to Lose Its Place in the FTSE 100
Unilever, one of the U.K.'s biggest companies, looks set to
leave the the coutnry's blue chip FTSE 100 index after
consolidating its legal structure in the Netherlands.
Size Becomes a Handicap for Global Food Giants
Investors like Nestlé, Unilever and Danone for their sales in
emerging markets, but size and complexity will make it hard for
them to adapt to the food industry's new trends.
U.S. Airlines Aren't Complying With Beijing's Demand They Call Taiwan Part of China
Most of the world's airlines have bowed to Chinese demands to
refer to Taiwan as part of China, but the three main U.S.
international carriers and a handful of others have so far refused,
in the thick of backlash against Beijing's insistence on conformity
with its geopolitical views. They look to be taking their cue from
the U.S. government.
Chicago Picks Musk's Boring Co. for O'Hare Express Service
Elon Musk's Boring Co. was picked to finance and build an
express train from the downtown Loop neighborhood to Chicago's
O'Hare International Airport.
Lehman Settles $1.2 Billion Derivatives Fight With Credit Suisse
The remnant of Lehman Brothers has settled a $1.2 billion
derivatives lawsuit with Credit Suisse, wrapping up one of the last
remaining big legal battles involving the failed investment
bank.
Volkswagen Fined $1.17 Billion in Germany in Emissions-Cheating Scandal
German prosecutors described the penalty as one of the highest
ever levied on a German company.
AT&T's Time Warner Prize-A Load of Hollywood Headaches
The telecom giant's legal odyssey may soon seem like a breeze
compared to delivering on the promise of the $80 billion deal. A
major challenge will be integrating a staid phone company with an
entertainment behemoth filled with larger-than-life
personalities.
Comcast's Big Bid Shouldn't Distract From Regulatory Risks
The approval of the AT&T-Time Warner deal doesn't mean
Comcast-Fox would pass muster too, which gives Disney an
advantage.
(END) Dow Jones Newswires
June 14, 2018 07:15 ET (11:15 GMT)
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