News Highlights: Top Company News of the Day
June 17 2019 - 11:30AM
Dow Jones News
Sotheby's to Be Taken Private by Altice Founder Patrick Drahi
Global auction house Sotheby's has agreed to be taken private by
art collector and media entrepreneur Patrick Drahi in a $2.66
billion deal.
Pfizer to Buy Array BioPharma
Pfizer agreed to buy Array BioPharma for $10.64 billion in cash,
as the pharmaceutical company looks to expand its pipeline of
cancer therapies.
Huawei Expects $30 Billion Revenue Hit From U.S. Clampdown
The U.S. campaign against Huawei is taking a toll, with the
company's founder forecasting a hit to revenue of about $30 billion
over the next two years.
Airbus Jumps Ahead of Boeing in Midsize-Plane Battle
European plane maker Airbus intends to develop its longest-range
single-aisle plane yet, adding pressure on rival Boeing, which
plans a jet for the same market but is distracted by its 737 MAX
crisis.
Collective Health Raises $205 Million in SoftBank-Led Funding Round
Health-benefits platform marks the Vision Fund's first
health-care services investment
Amazon Struggles to Advance in Videogame Industry
Amazon.com laid off several dozen employees from its division
that develops videogames, as the tech giant has struggled to
produce a hit and make inroads in the industry.
Google Pays for Big Tech's Sins
Google is hardly the only giant tech company in hot water these
days, but its investors could be forgiven for feeling
otherwise.
Bitter Reality Is Setting in for Europe's Airlines
So much for hopes that European airlines will finally put their
house in order and rival the profitability of U.S. peers. A big
profit warning from Lufthansa-the top European carrier by
passengers-is the latest sign that this won't happen anytime
soon.
GE Aviation Sees $35B in Deals
General Electric Aviation should secure more than $35 billion in
engines and services deals, according to the unit's chief, who
remained bullish on the commercial aviation market.
Questions Over Drivers and Wine Storage Push Out Senior ANZ Executive
David Hisco, head of ANZ's New Zealand operation, left the job
after a review concluded that his characterization of expenses fell
short of internal standards.
(END) Dow Jones Newswires
June 17, 2019 11:15 ET (15:15 GMT)
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