News Highlights: Top Company News of the Day
June 24 2018 - 11:30PM
Dow Jones News
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.
Why Size Alone Won't Help Old Media Beat Netflix
Even if incumbents such as Disney and AT&T bulk up, tech
companies like Netflix, Amazon, and Apple will still have more
leeway to spend.
Conagra, General Mills Square Off in Battle to Revive Packaged Foods
Earnings this week will offer an update on who's winning the
race to revive older food brands.
Why Big-Ticket Items May Soon Cost You More Online
The U.S. Supreme Court's ruling enables states to collect sales
tax from all online purchases, eliminating the advantage of buying
some big-ticket items from websites like Amazon.com.
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.
(END) Dow Jones Newswires
June 24, 2018 23:15 ET (03:15 GMT)
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