News Highlights: Top Company News of the Day
June 27 2017 - 11:16PM
Dow Jones News
U.S. Tech Firms Feel the Heat in Europe
From Google to Apple, top American tech companies have been on
the receiving end of tough EU decisions in recent years. Experts
and regulators say it isn't about bias, it's because they're
dominant in industry.
Puerto Rico's Federal Supervisors Veto $9 Billion Utility Debt Deal
A $9 billion restructuring deal covering Puerto Rico's public
power monopoly failed to win approval from the island's federal
oversight officials, raising the likelihood of default at one of
the largest U.S. utilities.
Dow Investor Calls for Changes in Post-DuPont Merger Breakup
Glenview Capital Management recently met with leaders of DuPont
and Dow Chemical and pushed for changes in a plan to break the
combined group into three parts, according to a letter the hedge
fund sent to its investors late Tuesday.
American Airlines to Test 3-D Bag Screening Equipment
American Airlines Group Inc. is testing new machines that map
the contents of hand luggage more accurately, aiming to address
heightened concerns over explosive devices that could be carried
onto a plane.
Santa Monica Labor Union Wants Transparency Over Hotel Ownership
A member of the Santa Monica, Calif., City Council and workers
in the local hotel industry are asking for new ownership disclosure
rules as concerns rise over foreign capital coming into the
industry.
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.
Apollo Breaks Record as Investors Flock to Buyout Funds
Apollo Global Management, the private-equity firm co-founded by
billionaire investor Leon Black, has raised $23.5 billion for the
world's largest ever buyout fund.
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.
SingTel Moves Toward Broadband IPO
Singapore Telecommunications will start taking orders from
institutional investors for an initial public offering of its
high-speed broadband unit that could raise as much as $1.95
billion, making it the largest such fundraising in more than six
years.
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 for the Senate health bill will go toward
helping insurance plans draw in the young, healthy enrollees
insurers crave.
(END) Dow Jones Newswires
June 27, 2017 23:01 ET (03:01 GMT)
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