News Highlights: Top Company News of the Day
June 26 2019 - 4:30PM
Dow Jones News
Centerbridge Is in Exclusive Talks to Buy Magellan Health
Managed-care provider Magellan Health is in exclusive talks for
a possible sale to private-equity firm Centerbridge Partners. The
private-equity firm could reach a deal for Magellan next month.
Wayfair Workers Stage Walkout Over Sales to Border Camps
Hundreds of Wayfair employees walked out of the company's Boston
headquarters in protest of the online furniture retailer's plan to
sell bedroom furniture to a southern border facility for migrant
children.
Bayer to Seek Help With Weedkiller Litigation
Bayer said it would seek outside help and review its approach in
the company's legal battle with thousands of cancer patients who
blame the herbicide Roundup for their illness.
General Mills Dragged Down by Snack-Bar Sales Decline
General Mills' snack-bar business faltered in its latest quarter
and sales of grocery staples such as cereal were flat, highlighting
the tough path the company faces as it works to spark faster
growth.
EU Orders Broadcom to Halt Allegedly Anticompetitive Practices
The European Commission, in a rare move, ordered Broadcom to
immediately halt certain practices that it alleges are
anticompetitive as it opened a formal antitrust probe into the chip
maker.
BlackBerry Posts 1Q Loss; Sales Rise
BlackBerry said profit fell less than last year amid stronger
sales in its software and services operations
Kraft Heinz CEO Looks to Ketchup for Sales Spurt
Miguel Patricio says the company's well-known products need a
new boost. He took over as chief executive this week, at the lowest
point in the food conglomerate's history.
LyondellBasell Guides for Fall in Profit in 2Q
LyondellBasell Industries is expecting its second-quarter
earnings to decline from the comparable quarter a year earlier, but
to be within the range analysts are expecting.
LaCroix Fights Sales Drop as Rivals Bubble Up
LaCroix's faintly flavored bubbly water drove an explosion of
sales in its corner of the beverage market. Now, as parent National
Beverage Corp. prepares to report results Wednesday, rivals are
winning over some consumers.
Why This Time Is Different for CBS and Viacom
The media companies have previously faced obstacles to merging,
but conditions have changed. Just because a merger hasn't worked
out before doesn't mean it won't this time around.
(END) Dow Jones Newswires
June 26, 2019 17:15 ET (21:15 GMT)
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