GE Drops Out of the Dow After More Than a Century

General Electric will drop out of the Dow Jones Industrial Average next week, a milestone in the decline of a firm that once ranked among the mightiest of U.S. blue-chips.

 
Vitol Launches Australia's Biggest IPO in Years

Commodities trader Vitol Group is revving up a listing of its Australian fuel supply and marketing business, seeking to raise up to US$2.26 billion in what would be the biggest initial public offering locally in years.

 
Starbucks to Close More Stores Amid Glut of Coffee Shops

Starbucks Corp. said it will close more stores in the increasingly crowded U.S. market where it was a pioneer.

 
Bank of America to Pay $42 Million to Settle SEC Electronic-Trading Charges

Bank of America Merrill Lynch will pay $42 million for misleading clients by routing orders to high-speed trading firms without telling the customers, the Securities and Exchange Commission said Tuesday.

 
Ford and Volkswagen Discuss Developing Vehicles Together

Ford Motor Co. and Volkswagen AG are exploring how they could work together to better compete globally as cars become more technologically advanced and customer expectations evolve.

 
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.

 
PayPal Agrees to Buy Payments Firm Hyperwallet for $400 Million

PayPal said it agreed to acquire fintech company Hyperwallet for about $400 million, augmenting its offerings at a time when the company is facing increased competition from banks, startups and tech companies.

 
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.

 
Harvester of Facebook Data Wants Tighter Controls Over Privacy

An academic who was central to the misuse of Facebook data sought to turn the tables on internet companies by saying the government should step in to help prevent data-privacy scandals in the future.

 
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.

(END) Dow Jones Newswires

June 19, 2018 23:15 ET (03:15 GMT)

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