News Highlights: Top Company News of the Day
June 19 2018 - 9:30AM
Dow Jones News
Jailed Audi CEO Pledges to Cooperate With Emissions-Cheating Probe
The CEO of Volkswagen's luxury brand Audi, jailed in a probe
into his alleged role in the car maker's emissions cheating
scandal, has pledged to cooperate with prosecutors and could be
released within days, a Munich prosecutor said.
GameStop in Talks About Potential Deal
Videogame retailer GameStop said it was in "exploratory
discussions" with unnamed third parties regarding a potential
deal.
Big Oil Tries to Take the Fracking Boom Global
A BP project deep in Oman's desert shows how big-oil companies
are taking hydraulic-fracturing techniques perfected in Texas to
the global stage, where they had long struggled.
CVS Adds Home Delivery With Help From Post Office
CVS HealthCorp. has enlisted the U.S. Postal Service for a new
home delivery service, as the drugstore giant strives to stave off
Amazon.com Inc. and other rivals.
KKR Explores Sale of $3.5 Billion European Telecom Operator
KKR is exploring the sale of European telecom operator United
Group in a transaction that could value the company at around $3.5
billion, including debt.
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.
Apple Fined as Customers Win a Right-to-Repair Fight
Apple was punished in Australia for refusing to offer free fixes
for iPhones and iPads that were previously serviced by non-Apple
stores, the latest episode in a global dispute between companies
and consumers about the right to repair.
Xiaomi Will Have to Dial Down Valuation Hopes
The tech company has postponed plans for a mainland Chinese
listing-a blow to its hopes of a high valuation.
Oracle's Past Surprises on Guidance Leave Analysts Wary
Oracle is set to report financial results for its fiscal fourth
quarter after the close of trading Tuesday. Here's what you need to
know.
Flea-Market App Mercari Jumps More Than 70% in Tokyo Debut
Japanese flea-market app Mercari's valuation soared to $6.5
billion on its first day of trading, as investors celebrated the
eBay rival's debut in a country that is nearly bereft of
influential technology startups.
(END) Dow Jones Newswires
June 19, 2018 09:15 ET (13:15 GMT)
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