News Highlights: Top Company News of the Day
June 18 2018 - 1:15PM
Dow Jones News
Fujifilm Sues Xerox for More Than $1 Billion After Canceled Merger
Fujifilm Holdings is suing Xerox for breach of contract and
estimated damages of more than $1 billion after the printer and
copier company walked away from a planned merger.
Mergers Would Make AT&T, Comcast World's Most Indebted Companies
Recent mergers could transform AT&T and Comcast into the two
most indebted companies in the world, a standing that carries
uncharted risks for investors.
Supreme Court to Consider Apple Appeal in Lawsuit Over iPhone App Prices
The Supreme Court announced it will hear an Apple appeal
challenging the propriety of a lawsuit brought by consumers who
allege that the company illegally monopolized the sale of iPhone
apps.
Audi CEO Arrested in Emissions-Cheating Probe
The CEO of Volkswagen's luxury brand Audi was arrested in
connection with an investigation of his role in the German car
maker's diesel emissions-cheating scandal.
BlackRock Offers Free Perk That Lets It See Inside Your Portfolio
BlackRock, the world's largest asset manager, is trying to sell
more investment products to Main Street with one of the oldest
strategies in business: the freebie.
Rent-A-Center to Sell Itself to Vintage Capital
Rent-A-Center has agreed to sell itself to a Vintage Capital
affiliate, following multiple offers from the investment firm amid
investor pressure and poor financial results.
Disney Tests Pricing Power at Theme Parks
After raising some ticket prices for its theme parks by more
than 20% over the past five years, Walt Disney will set a new
benchmark this week when it offers die-hard fans the chance to
attend a six-hour preview of a new attraction at Disneyland-for
$299.
Apple to Push Fix for Locating 911 Callers
iPhone users who call 911 will automatically send location data
to emergency call centers, the result of a partnership between
Apple and startup RapidSOS that addresses a source of
first-responder delays.
Katie Couric Lines Up Video Series for 'theSkimm' Backed by P&G
Nearly a year after leaving Yahoo, Katie Couric is striking out
on her own, expanding her own production company with outside
investment so that it can find its own sponsors and distribution
outlets.
Google Invests $550 Million in Chinese Online Shopping Site JD.com
Google's $550 million investment in JD.com will deepen its ties
with China and strengthen its foothold in online shopping.
(END) Dow Jones Newswires
June 18, 2018 13:00 ET (17:00 GMT)
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