News Highlights: Top Company News of the Day
June 17 2018 - 11:15PM
Dow Jones News
U.S. Auto Makers Are Putting Smaller Engines Into Big Trucks So They Guzzle Less Gas
Big U.S. car makers are standing by many recent tech innovations
to increase fuel efficiency, including smaller engines for pickup
trucks, even as the Trump administration moves to relax gas-mileage
standards.
Wells Fargo Struggles to Get Off the Municipal-Bond Blacklist
Wells Fargo is having trouble shaking the effects of its
sales-practices scandal, as some states and cities that do business
with the bank continue to steer clear of it when selling municipal
bonds to the public.
Goldman Sachs Bankers Moonlight as Venture Capitalists
Goldman Sachs bankers have quietly been moonlighting as venture
capitalists, investing early in startups like Uber, Spotify,
Dropbox and Square and amassing a multimillion-dollar
portfolio.
Sizing Up Tesla's $10 Billion Debt Stack
Tesla is growing faster than any other auto maker-just not
always in ways stockholders would want. The company's debt has
surged just as fast as sales, while profits remain elusive.
Tariffs Chip Away at Semiconductor Boom
A trade war between the U.S. and China is bad news for a highly
globalized industry with stocks at record highs.
Perry Ellis to Go Private in $437 Million Deal
Perry Ellis International agreed to go private in a deal valued
at $437 million, four months after founder George Feldenkreis made
a bid for the apparel maker.
Attention, Amazon Prime Members: You're in Luck at Whole Foods
One year after Amazon.com bought Whole Foods, the e-commerce
giant is offering Prime members discounts and perks at the grocer,
in an effort to capture even more of their spending.
Why Media Deal Making Could Free CBS From Viacom
Viacom may have given up on CBS and now that media deals are in
the air, CBS could get bought by another company, leaving Viacom
all alone.
AT&T's Aggressive Attacks Won the Day in Time Warner Bid
Lawyer Daniel Petrocelli claimed he had little antitrust
experience, but his strategy helped sow doubts about the U.S. fight
to block the Time Warner deal.
Theranos Founder Elizabeth Holmes and Her Ex-No. 2 Charged With Defrauding Investors
Federal prosecutors filed criminal charges against Theranos
founder Elizabeth Holmes and Ramesh Balwani, the blood-testing
company's former No. 2 executive, alleging that they defrauded
investors out of hundreds of millions of dollars and defrauded
doctors and patients.
(END) Dow Jones Newswires
June 17, 2018 23:00 ET (03:00 GMT)
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