News Highlights: Top Company News of the Day
June 25 2019 - 9:30AM
Dow Jones News
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 09:15 ET (13:15 GMT)
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