Supreme Court Rules for American Express in Swipe-Fee Antitrust Case

The Supreme Court backed American Express's policy of preventing retailers from offering customers incentives to pay with cheaper cards, a major victory for the company that puts its business model on solid legal ground.

 
GE Agrees to Sell Industrial-Engines Unit

General Electric agreed to sell a unit that makes large industrial engines to private-equity firm Advent International for $3.25 billion, a move that would bring in needed cash for the struggling conglomerate.

 
Harley-Davidson to Shift Production Overseas to Offset EU Tariffs

Harley-Davidson plans to shift production overseas to avoid European Union tariffs on its iconic motorcycles, the latest manufacturer to reconfigure operations amid a widening global trade fight.

 
AT&T to Acquire Digital Ad Firm AppNexus for $1.6 Billion

AT&T agreed to acquire AppNexus, a deal that could help the telecom giant capitalize on media content it added through its purchase of Time Warner.

 
Xerox CEO Calls Fujifilm Lawsuit 'Misguided'

Xerox Chief Executive John Visentin responded to Fujifilm Holdings's lawsuit against the company calling it "desperate" and "misguided," marking the new CEO's first public statement about the suit.

 
French Executive at Toyota Makes Nearly Triple Japanese CEO's Pay

Toyota Motor's highest-paid executive got a pay increase of millions of dollars, and he now makes nearly three times as much as his boss.

 
Hearst Magazines President Is Stepping Down

David Carey, the president of Hearst Magazines who helped launch such titles as HGTV Magazine and The Pioneer Woman Magazine, is stepping down from that role at the end of the year.

 
Court Blocks Payday for Chief of Bankrupt Mt. Gox Bitcoin Exchange

Creditors in Mt. Gox, a bitcoin exchange that collapsed in February 2014, are in line for a bigger payday after blocking a liquidation that could have netted former exchange chief Mark Karpelès hundreds of millions of dollars.

 
Gray TV to Buy Raycom in $3.65 Billion Deal

Television station owner Gray Television is buying fellow station owner Raycom Media in a $3.65 billion deal that they say will create a company with the third-most number of stations in the nation.

 
Education Realty Trust Confirms Sale to Greystar Affiliate

Education Realty Trust, a college-housing REIT, is selling itself to a Greystar Real Estate Partners affiliate for $3.15 billion.

(END) Dow Jones Newswires

June 25, 2018 13:15 ET (17:15 GMT)

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