News Highlights: Top Company News of the Day
June 27 2017 - 5:31AM
Dow Jones News
Sprint Enters Into Exclusive Talks With Charter, Comcast on Wireless Deal
Sprint has entered into exclusive talks with Charter
Communications and Comcast as the cable companies explore a deal
that could bolster their plans to offer wireless service, according
to people familiar with the matter.
General Motors Lowers Outlook for Industry Vehicle Sales
General Motors Co. expects industry vehicle sales to fall short
of its original forecast for the year, the latest sign of a
slowdown in the U.S. auto market after a record run.
Western Digital Offers New Proposal to Toshiba for Joint Business
Western Digital has submitted to Toshiba a new proposal to buy
their joint-venture chip business, teaming up with U.S.-based
private-equity company KKR.
BMW Commits to New Jobs at U.S. Factory
BMW is the latest auto maker to commit to new jobs at a U.S.
factory following criticism from President Donald Trump, saying
Monday it will create 1,000 American jobs through 2021
Blackstone Nearing Deal to Buy Japan's Croesus Retail
Private-equity firm Blackstone Group is nearing a deal to buy a
Singapore-listed company that operates retail properties in Japan,
which currently has a market capitalization of over US$500 million,
people familiar with the process said Tuesday.
Judge Denies Qualcomm Motion to Dismiss FTC's Competition Suit
A U.S. federal judge ruled against Qualcomm's motion to dismiss
a Federal Trade Commission case arguing that the large supplier of
smartphone chips used its position to compete unfairly.
Shkreli Trial Off to Slow Start as Prospective Jurors Show Animus
Jury selection for Martin Shkreli's trial in Brooklyn federal
court moved slowly as many prospective jurors balked at the
expected four- to six-week commitment, and at least two dozen
others were cut after expressing a strong animus toward the former
pharmaceutical executive.
Citi Taps Former Senior J.P. Morgan Banker for Advisory Role
Citigroup has hired Karl-Georg Altenburg, a high-profile former
J.P. Morgan Chase and Deutsche Bank investment banker as a senior
adviser.
Amtrak Names Former Delta Chief as Railroad CEO
Amtrak named former Delta Air Lines chief executive Richard
Anderson as the new president and CEO of the national passenger
railroad, which is grappling with a backlog of repairs even as
ridership continues to grow.
Alphabet's Waymo Hires Avis to Service its Driverless Cars
Google parent Alphabet is hiring rental-car firm Avis Budget
Group to store and service its self-driving cars in a deal that
shows Alphabet's vision of a network of driverless taxis is getting
closer to reality.
(END) Dow Jones Newswires
June 27, 2017 05:16 ET (09:16 GMT)
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