Boeing Ends Order Drought Triggered by 737 MAX Crisis

Boeing Co. won a landmark 737 MAX order from British Airways parent IAG on Tuesday, ending a sales drought in the wake of the grounding of the aircraft following two fatal crashes.

 
Facebook Unveils Libra, Cryptocurrency Rival to Bitcoin

Facebook formally announced plans to launch a cryptocurrency called Libra, promising a secure blockchain-based payment system backed by hard assets and designed for mainstream users.

 
Kellogg Plans Job Cuts Amid North America Reorganization

Kellogg will cut about 150 salaried positions in its North America segment as part of a reorganization linked to the $1.3 billion sale of its Keebler cookie business and other brands.

 
News Corp to Consider Selling News America Marketing Unit

News Corp said it is reviewing its options for its News America Marketing business, which could include a potential sale of the coupon publisher, as the company looks to focus on core areas of its business.

 
Odebrecht Bankruptcy to Hurt Brazilian State-Owned Banks

Brazil's huge state-controlled banks are bracing for heavy losses after the construction conglomerate Odebrecht filed Monday night for one of Latin America's largest-ever bankruptcies.

 
Private-Equity Firms Are Raising Bigger and Bigger Funds. They Often Don't Deliver.

So-called megafunds of $10 billion or more have performed roughly in line with the S&P 500.

 
Apple Looks Willing to Help Struggling iPhone-Display Maker

Japan Display, which makes liquid-crystal display panels for the iPhone XR, is running out of cash owing to weaker-than-expected sales of the handset, and an investor group's bailout package of more than $700 million was thrown into limbo this week.

 
Scotch Breaks With Tradition to Woo New Drinkers

A governing body is relaxing rules over how to produce Scotch, giving in to demands by distillers to make new drinks like tequila-aged scotch.

 
Fortress Becomes Japan's Biggest Private Apartment Landlord With $1 Billion Bet

Fortress Investment Group is buying dated units on the outskirts of big Japanese cities-and in the process it has become the largest private owner of apartments in Japan.

 
Cerberus Hunts for Yield in Mongolia

New York-based Cerberus Capital Management is in talks to make its first investment in Mongolia as part of a broader push into the world's riskiest markets.

(END) Dow Jones Newswires

June 18, 2019 13:00 ET (17:00 GMT)

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