News Highlights: Top Company News of the Day
June 19 2019 - 9:30AM
Dow Jones News
Arch Coal, Peabody Energy to Form Coal Joint Venture
Arch Coal and Peabody Energy are combining their Powder River
Basin and Colorado assets in a joint venture aimed at strengthening
the competitiveness of coal against natural gas and renewables.
Harley-Davidson Finds Partner to Make Small Motorcycles in China
Manufacturer extends strategy of building and selling more
motorcycles overseas as U.S. customers age.
Facebook's Crypto Plan Borrows From China
The Chinese precedents suggest the social-media giant needs to
focus less on crypto engineering and more on improving the use case
for its new currency.
Merck Seeks More Deals as It Expands Its Cancer Treatments Portfolio
Merck is searching for small and midsize deals, including more
transactions aimed at expanding its portfolio of cancer treatments
beyond the company's top-selling product Keytruda.
CBS Is Planning Offer for Sister Company Viacom
CBS is preparing to make an offer for sister media company
Viacom in the coming weeks, following a meeting of CBS directors
last week in which a potential deal was discussed.
Nissan, Renault Near Deal to Resolve Corporate Governance Dispute
Nissan Motor Co. and Renault SA are moving closer to resolving a
standoff over corporate governance at the Japanese car maker,
according to people familiar with their talks-nearing a compromise
that could help ease one point of contention between the two
alliance partners.
Quibi Hits $100 Million in Ad Sales Before 2020 Launch
Early advertisers on the short-form streaming service led by
former Hewlett-Packard CEO Meg Whitman include Procter &
Gamble, AB InBev and Google.
U.S. Steel to Idle Two Furnaces
U.S. Steel plans to cut production by idling two blast furnaces
in response to falling demand for steel from a weakening
manufacturing sector.
EU Rules Against Adidas on Trademark Stripes
Adidas expressed disappointment with a European court's ruling
that its three-stripe trademark was invalid, but the German
sporting-goods company said the ruling only affected one particular
execution of the three-stripe mark.
Deutsche Bank Senior U.S. Bankers Poised to Leave
Two of Deutsche Bank's top New York deal makers are poised to
leave the embattled lender ahead of impending deep cuts to its Wall
Street investment bank.
(END) Dow Jones Newswires
June 19, 2019 09:15 ET (13:15 GMT)
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