AbbVie Strikes Deal to Acquire Allergan for About $63 Billion

AbbVie agreed to buy Allergan for about $63 billion, as the drug makers bet a combination will deliver new sources of growth they have struggled to find on their own.

 
Deutsche Bank's Equities Chief Expected to Leave

Deutsche Bank's global head of equities is expected to leave the bank, the latest move in a planned downsizing of the German lender's investment bank, according to people familiar with the matter.

 
RealReal's Biggest Hurdle Will Be Keeping It Real After IPO

As RealReal prepares to go public this week, the online marketplace for used luxury goods faces a big challenge: weeding out the fakes.

 
Biggest U.S. Companies' Working-Capital Performance Hits Six-Year High

U.S. companies' working-capital efficiency reached a six-year high in 2018 as finance chiefs increasingly prioritize managing inventories to more quickly convert the capital into cash, a new study found.

 
Nissan Shareholders Accuse Renault Chairman of Betrayal at Fiery Meeting

Nissan shareholders voted to overhaul the board at a meeting where they shouted at current board members, management and each other.

 
FedEx Sues Commerce Department Over Restrictions on Huawei

FedEx filed a lawsuit to stop the U.S. government from requiring the package giant to enforce a crackdown on the Chinese telecommunications-gear maker.

 
Global Telecom Carriers Attacked by Suspected Chinese Hackers

Hackers believed to be backed by China's government have infiltrated the cellular networks of at least 10 global carriers, swiping users' whereabouts, text-messaging records and call logs.

 
Facebook's Pricey Ad Spend May Not Impress

Facebook plans to spend big to revamp its image with users. But while the social media giant has made its fortune selling other companies' ads, its own brand investments may not pay off.

 
Booking.com Takes a Slice of Hotels' Lucrative Resort Fees

Resort fees are becoming so ubiquitous that some online travel sites are looking to cash in on them. Booking.com has told its hotel partners in the U.S. that it would begin collecting a 15% commission on resort fees in addition to the 15% it currently collects on the room rate.

 
Petronas Planning 2020 Budget on  Oil Below $66

EXCLUSIVE: Malaysia's state-owned Petronas is adopting a conservative view on oil prices given trade and geopolitical uncertainties, planning next year's budget on the assumption that the average global crude price will be below $66 a barrel.

(END) Dow Jones Newswires

June 25, 2019 09:00 ET (13:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.