News Highlights: Top Company News of the Day
June 24 2019 - 4:30AM
Dow Jones News
U.S. Considers Requiring 5G Equipment for Domestic Use Be Made Outside China
The Trump administration is considering requiring that
next-generation 5G cellular equipment used in the U.S. be designed
and manufactured outside China, a move that could reshape global
manufacturing.
Fiat Chrysler and Renault Hope Merger Talks Will Restart Soon
The outcome of a vote by Nissan shareholders this week could
help determine whether Fiat Chrysler Automobiles and Renault can
revive their $40 billion merger talks.
FedEx Slashes Prices to Fill Its Planes
FedEx is offering big discounts to woo online merchants to its
air network as it seeks to refashion a delivery system ill-equipped
for the rise of e-commerce.
Metro Gains After Shunning Unsolicited Bid
Shares in Metro rose more than 4% after the German retailer
dismissed an unsolicited EUR5.8 billion takeover offer from EP
Global Commerce, saying it "substantially undervalues the
company."
Daimler Warns on Earnings
Shares of fell almost 5% after the German car maker cut its 2019
earnings outlook, saying it expects legal costs related to the
diesel-emissions scandal to increase.
It's Not Too Late for Bayer to Heal
Shares of chemicals and pharmaceuticals giant Bayer have been
laid low by legal liabilities from its deal for Monsanto, but the
situation is likely to improve.
Facebook's Libra Is a License to Print Money
A bunch of big companies have agreed to pony up $10 million each
to take part, and it is easy to see why: On some
reasonable-sounding assumptions about its takeup, it could be
insanely profitable in real money, too.
Indexing Giant Vanguard Examines a Push Into Private Equity
Vanguard Group has had exploratory discussions with a handful of
private-equity firms as the indexing giant considers whether to
push further into alternative investments.
Restaurants Are Arm-Twisting Delivery Companies to Lower Fees
Some restaurant operators are pushing back against fees charged
by delivery companies, turning up the heat on young businesses
already wrestling with rivals in a crowded market for bringing food
to people's doors.
Tyson Foods, Boeing, Slack: Stocks That Defined The Week
Here are seven stocks that defined the week in business
news.
(END) Dow Jones Newswires
June 24, 2019 05:15 ET (09:15 GMT)
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