Roche to Pay $2.4 Billion for Full Control of Foundation Medicine

Roche said it would pay $2.4 billion to buy the shares it doesn't already own in Foundation Medicine, furthering its bet on personalized cancer care.

 
Xiaomi Shelves China Share Sale

Chinese smartphone maker Xiaomi postponed a widely anticipated share sale in mainland China, saying it would proceed first with an initial public offering in Hong Kong in the coming weeks.

 
Flea-Market App Mercari Soars in Tokyo Debut

Shares in Japanese bazaar app Mercari closed up 77% over the offering price in their trading debut, lifting the company's valuation to around $6.5 billion.

 
Senate Rebukes Trump With Vote to Reinstate ZTE Sales Ban

ZTE lost a skirmish with U.S. lawmakers when the Senate passed legislation that would reinstate a ban on sales of U.S. components to the Chinese telecommunications company.

 
Australia Court Orders Apple to Pay Penalty for Service Breach

An Australian court ordered Apple Inc. to pay a penalty equivalent to $6.7 million after the tech giant "bricked" iPhones and iPads and didn't offer to fix them because they had been previously serviced by third-party providers.

 
Wells Fargo to Restructure Wealth Management Business

Wells Fargo is expected to announce a restructuring of its wealth management business, as it grapples with probes tied to client referrals and related matters.

 
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.

 
Los Angeles Times Names Pearlstine as New Editor After Sale to Billionaire

Publishing industry veteran Norman Pearlstine was named the executive editor of the Los Angeles Times as its new billionaire owner pledged to invest in the newspaper.

 
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.

 
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 19, 2018 05:15 ET (09:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.