News Highlights: Top Company News of the Day
June 24 2018 - 8:15PM
Dow Jones News
GE Nears Deal to Sell Industrial-Engines Unit
General Electric is nearing a deal to sell a unit that makes
large industrial engines to private-equity firm Advent
International for $3 billion or more, people familiar with the
matter said.
'Jurassic World' Sequel Falls Short of Previous Installment
"Jurassic World: Fallen Kingdom" opened to an estimated $150
million in the U.S. and Canada. That is a healthy debut by most
measures, but 28% below the $208.8 million start for the first
"Jurassic World."
Intel's Chip Stumble Is Letting Rivals Pull Ahead
The next chief of Intel will take over just as the chip giant is
falling behind for the first time in an expensive race to shrink
the circuitry on chips.
AT&T Expressed Interest in CBS Before Time Warner
Before AT&T CEO Randall Stephenson set his sights on Time
Warner, he expressed interest in acquiring CBS and met with Shari
Redstone.
GE Factories in Wisconsin, South Carolina Caught in U.S. Trade Fight
GE's MRI business offers a window into the complex
interconnections of global trade, where components made in one
country get assembled in another and may be sold back into the
first.
SL Green to Buy Stake in 245 Park Avenue From HNA
SL Green Realty is buying a stake in the office building from
the Chinese conglomerate, which has been under pressure from
regulators to sell its assets.
SEC Probes Whether Firms Rounded Up Earnings Results
The SEC is investigating whether companies have engaged in
improper rounding up of quarterly earnings, people familiar with
the matter said.
Netflix CEO Fires Top Executive After Use of Racial Slur
Netflix CEO Reed Hastings said he fired his chief communications
officer after he used a racial slur at work on multiple occasions,
an episode that has created a moment of introspection at the
streaming juggernaut.
Apple's Sticky Keyboard Triggers Offer For Free Repairs
Apple sought to head off customer complaints about defective
keyboards on its latest MacBook models, saying it will offer free
repairs for qualifying devices in the latest overture to users
concerned about the performance of one of the company's signature
products.
Goldman Sachs, Morgan Stanley Stress Over Capital Returns
The two banks barely passed the Federal Reserve's annual stress
tests, raising doubts about their ability to grow dividends and
buybacks over the next year.
(END) Dow Jones Newswires
June 24, 2018 21:00 ET (01:00 GMT)
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