News Highlights: Top Company News of the Day
June 27 2017 - 11:31AM
Dow Jones News
Google Slapped With $2.7 Billion EU Fine Over Search Results
The European Union's antitrust regulator fined Alphabet's Google
a record $2.71 billion for favoring its own comparison-shopping
service in search results.
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.
Wells Fargo to Sell Commercial Insurance Business to USI Insurance
Wells Fargo said Tuesday it would sell its commercial insurance
businesses to privately-held USI Insurance Services.
UPS to Freeze Pension Plans for Nonunion Staffers
United Parcel Service plans to freeze pension plans for
thousands of nonunion employees, seeking to contain the burden of a
retirement fund with a nearly $10 billion deficit.
Samsung Revives Galaxy Note 7 With New 'Fandom Edition'
A refurbished version of the premium smartphone, whose global
recall last year garnered unwanted attention for Samsung after some
caught fire, is coming to retailers' shelves on July 7 with
different components under the name Galaxy Note 7 FE.
Jack Dorsey's Square Inc. May Soon Loan You Money
Square Inc., the technology company best known for processing
payments for small merchants across the U.S., is now angling to
lend to consumers, too.
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.
Microsoft Teams With Smaller Rival Box on Cloud Technology
Microsoft cut a deal with competitor Box to partner on
cloud-computing technology in an effort to get ahead in the
emerging business.
Pandora CEO Tim Westergren Resigns
Pandora Media's co-founder and chief executive, Tim Westergren,
is resigning from the company as the internet radio service
contends with the rise of subscription music platforms.
Under Armour Brings Back COO Role
Under Armour said that it brought in a footwear executive to be
its new president and operating chief, adding a top deputy under
founder and CEO Kevin Plank as the company seeks to reinvigorate
growth.
(END) Dow Jones Newswires
June 27, 2017 11:16 ET (15:16 GMT)
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