News Highlights: Top Company News of the Day
June 27 2017 - 5:31PM
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.
Nestlé Plans Share Buyback After Pressure From Third Point
Nestlé on Tuesday announced plans to launch a $20.8 billion
share buyback, focus its capital spending on categories like coffee
and pet care, and look for consumer health care acquisitions, a
move that comes after it found itself the target of activist
investor Third Point.
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 pensions for about 70,000
nonunion employees, seeking to contain the burden of its retirement
fund's nearly $10 billion deficit.
Apollo Breaks Record as Investors Flock to Buyout Funds
Apollo Global Management, the private-equity firm founded by
billionaire investor Leon Black, has raised $23.5 billion for the
world's largest ever buyout fund.
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.
Health Insurers Uneasy With Senate's Approach to Continuous Coverage
Health-industry officials say it isn't clear how much an added
provision they sought to Senate health bill will go toward helping
insurance plans draw in the young, healthy enrollees insurers
crave.
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.
(END) Dow Jones Newswires
June 27, 2017 17:16 ET (21:16 GMT)
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