News Highlights: Top Company News of the Day
June 18 2018 - 5:15PM
Dow Jones News
JPMorgan to Pay $65 Million Fine for Dollar Benchmark Manipulation
JPMorgan Chase agreed to pay a $65 million fine to settle claims
that it tried to manipulate a global interest rate benchmark, the
latest fine levied by U.S. regulators to punish crisis-era
manipulation schemes by large banks.
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.
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.
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.
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.
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.
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.
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.
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.
(END) Dow Jones Newswires
June 18, 2018 17:00 ET (21:00 GMT)
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