News Highlights: Top Company News of the Day
June 24 2019 - 9:15AM
Dow Jones News
Eldorado Resorts to Buy Caesars in $8.58 Billion Casino Deal
Eldorado Resorts agreed to acquire Caesars Entertainment in a
cash-and-stock transaction valued at $8.58 billion, in a move that
would create one of the largest gambling companies in the U.S.
Bristol-Myers to Shed Psoriasis Drug to Win Approval for Celgene Deal
Bristol-Myers Squibb said it would divest itself of Otezla, a
psoriasis treatment owned by Celgene, to win approval from
regulators and help smooth the path for the companies' pending
merger.
FBI Probes Whether Lab Startup uBiome Used Improper Billing Codes
The FBI is examining whether lab-testing startup uBiome used
improper billing codes in claims and sought payment for unnecessary
tests, tactics that could have inappropriately enriched the
company.
Google's Enemies Gear Up to Make Antitrust Case
As U.S. officials prepare an antitrust probe of Google and
possibly other Silicon Valley giants, a loose-knit crew of its
rivals is gearing up to help.
Daimler Cuts Outlook on Fresh Diesel Allegations
Shares of Daimler fell after the maker of Mercedes-Benz luxury
cars issued a profit warning related to a government recall of
vehicles suspected of manipulating diesel emissions.
LiveRamp Buys Data Plus Math to Boost Targeted TV Ad Presence
LiveRamp Holdings agreed to buy Data Plus Math for $150 million
in cash and stock, a deal that will give the platform firepower to
help advertisers buy and analyze targeted ads both on traditional
and streaming TV.
Lufthansa Unveils New Strategy
Deutsche Lufthansa revealed new developments in its strategy,
including turnaround plans for its budget carrier Eurowings, at its
capital markets day.
One of the Best Investments in History Becomes a Headache
One of the best investments of all time has become a big
financial headache. Tencent's anchor shareholder has a curiously
incomplete plan to manage the downside of its extraordinary early
bet on the Chinese tech giant.
Fiat Chrysler and Renault Hope Merger Talks Will Restart Soon
The outcome of a vote by Nissan shareholders this week could
help determine whether Fiat Chrysler Automobiles and Renault can
revive their $40 billion merger talks.
FedEx Slashes Prices to Fill Its Planes
FedEx is offering big discounts to woo online merchants to its
air network as it seeks to refashion a delivery system ill-equipped
for the rise of e-commerce.
(END) Dow Jones Newswires
June 24, 2019 09:00 ET (13:00 GMT)
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