GE Nears Deal to Sell Industrial-Engines Unit

General Electric is nearing a deal to sell a unit that makes large industrial engines to private-equity firm Advent International for $3 billion or more, people familiar with the matter said.

 
'Jurassic World' Sequel Falls Short of Previous Installment

"Jurassic World: Fallen Kingdom" opened to an estimated $150 million in the U.S. and Canada. That is a healthy debut by most measures, but 28% below the $208.8 million start for the first "Jurassic World."

 
Intel's Chip Stumble Is Letting Rivals Pull Ahead

The next chief of Intel will take over just as the chip giant is falling behind for the first time in an expensive race to shrink the circuitry on chips.

 
AT&T Expressed Interest in CBS Before Time Warner

Before AT&T CEO Randall Stephenson set his sights on Time Warner, he expressed interest in acquiring CBS and met with Shari Redstone.

 
GE Factories in Wisconsin, South Carolina Caught in U.S. Trade Fight

GE's MRI business offers a window into the complex interconnections of global trade, where components made in one country get assembled in another and may be sold back into the first.

 
SL Green to Buy Stake in 245 Park Avenue From HNA

SL Green Realty is buying a stake in the office building from the Chinese conglomerate, which has been under pressure from regulators to sell its assets.

 
SEC Probes Whether Firms Rounded Up Earnings Results

The SEC is investigating whether companies have engaged in improper rounding up of quarterly earnings, people familiar with the matter said.

 
Netflix CEO Fires Top Executive After Use of Racial Slur

Netflix CEO Reed Hastings said he fired his chief communications officer after he used a racial slur at work on multiple occasions, an episode that has created a moment of introspection at the streaming juggernaut.

 
Apple's Sticky Keyboard Triggers Offer For Free Repairs

Apple sought to head off customer complaints about defective keyboards on its latest MacBook models, saying it will offer free repairs for qualifying devices in the latest overture to users concerned about the performance of one of the company's signature products.

 
Goldman Sachs, Morgan Stanley Stress Over Capital Returns

The two banks barely passed the Federal Reserve's annual stress tests, raising doubts about their ability to grow dividends and buybacks over the next year.

(END) Dow Jones Newswires

June 24, 2018 21:15 ET (01:15 GMT)

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