News Highlights: Top Company News of the Day
July 23 2017 - 11:30PM
Dow Jones News
KKR Near Deal to Buy WebMD
Private-equity firm KKR is nearing a deal to buy
health-information provider WebMD Health, according to people
familiar with the matter.
Westpac in Talks with Charter Hall on Sale of Hastings Unit
Westpac Banking said it is in talks with Charter Hall Group over
the sale of Hastings Management, a global infrastructure-assets
business with funds under management of about $11.3 billion.
Cloud Wars at the Right Price
The cloud computing business is growing, and revenue is building
even without the draw of price cuts.
President's Sign-Off Deals Blow to China Inc.'s Global Spending Spree
China reined in one of its brashest conglomerates with the
approval of President Xi Jinping-a mark that the broader government
clampdown on large private companies comes right from the top.
Boeing, Flying High, Stays the Course on Job Cuts
Boeing Co. presses forward with efficiency push, cutting 6,000
staff or 4% of its workforce in the first half of 2017, its fastest
pace in a decade, as its stock hits new records.
BMW Denies VW Claims of Possible Coordination by German Car Makers
Germany's largest car maker has asked Europe's antitrust
watchdog to scrutinize decades of coordination efforts by the
country's main auto manufacturers amid growing concern they might
have breached antitrust regulations.
Lyft Shifts Gears With New Driverless-Car Division
Lyft said it is forming its own autonomous-car development
division, hiring hundreds of engineers for it and opening a new
office in the heart of Silicon Valley.
Siemens and Bombardier in Talks to Form Train Joint Ventures
Siemens and Bombardier are in advanced to talks to combine their
train-making businesses, according to people familiar with the
matter.
GE Leaves Investors in Limbo
GE told investors that profits are under pressure and they would
have to wait several months for a better sense of its business,
sending shares tumbling.
Private-Equity Giants Wade Into Payments-Sector Frenzy
Blackstone and CVC have teamed up on a $3.8 billion bid for U.K.
online payments processor Paysafe Group, joining a wave of
consolidation in the payments sector.
(END) Dow Jones Newswires
July 23, 2017 23:15 ET (03:15 GMT)
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