News Highlights: Top Company News of the Day
June 19 2018 - 5:15PM
Dow Jones News
Verizon, AT&T, Sprint to Cut Off Data Providers After Customer Locations Were Revealed
Verizon Communications, AT&T and Sprint pledged to stop
sharing customer locations with two data brokers after at least one
company revealed individuals' whereabouts without their
consent.
McKinsey Investments Weren't Disclosed in Bankruptcy Cases
Its retirement fund invested in hedge funds with financial
interests in six bankrupt companies the consulting firm was
advising.
Jailed Audi CEO Steps Aside While He Tries to Clear His Name
Volkswagen said the chief executive of its luxury brand Audi,
jailed in a probe into the car maker's diesel-emissions cheating
scandal, has stepped aside pending clarification of the issues that
led to his arrest.
Ford Buys Historic Train Station in Detroit for Redevelopment
Ford Motor Co. has purchased a long-abandoned train station in
Detroit and is planning to redevelop it as a technology hub for
electric and autonomous cars.
Icahn Set to Win Majority on SandRidge Board
Activist investor Carl Icahn is poised to win at least four of
seven seats on SandRidge Energy's board.
PayPal Nears Deal for Payments Firm Hyperwallet
PayPal is nearing a deal to buy financial-technology company
Hyperwallet Systems for about $400 million, according to people
familiar with the matter.
U.K. Clears Path for Fox to Partake in Bidding War for Sky
The U.K. government has all but given Rupert Murdoch's Fox
permission to partake in a bidding war for British pay-TV giant
Sky, clearing one of the last obstacles for a corporate takeover
battle that also includes Disney and Comcast.
CVS Adds Home Delivery With Help From Post Office
CVS has enlisted the postal service for a new home delivery
service, as the drugstore giant strives to stave off Amazon and
other rivals.
Oil Industry Tries to Take the Fracking Boom Global
A BP project in Oman shows how oil companies are taking fracking
techniques perfected in Texas to the global stage, where they had
long struggled.
Veritas Capital-Backed Verscend to Acquire Cotiviti for About $4.16 Billion
Verscend Technologies, backed by private-equity firm Veritas
Capital, has agreed to acquire Cotiviti Holdings for about $4.16
billion in cash to create a data and analytics firm focused on
health care.
(END) Dow Jones Newswires
June 19, 2018 17:00 ET (21:00 GMT)
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