News Highlights: Top Company News of the Day
June 26 2019 - 11:30PM
Dow Jones News
FAA Finds New Software Problem in Boeing's 737 MAX
Boeing and federal regulators said they have identified a new
software problem on the 737 MAX, further delaying the process of
returning the troubled jet to service.
Huawei Loses Trade-Secrets Dispute With Startup
A Texas jury has found that Chinese telecom Huawei Technologies
misappropriated the trade secrets of a Silicon Valley chip
startup.
Facebook's Zuckerberg Backs Privacy Legislation
Mark Zuckerberg, chief executive and co-founder of Facebook,
endorsed federal privacy legislation and greater regulation of
political advertising, even as he cast governments as too slow to
address many of the internet's thorniest problems.
Carl Icahn Seeks to Replace Four Occidental Directors
Billionaire investor Carl Icahn is seeking to replace four
directors at Occidental Petroleum, saying the company's board
mismanaged its $38 billion deal to buy Anadarko Petroleum.
Centerbridge Is in Exclusive Talks to Buy Magellan Health
Managed-care provider Magellan Health is in exclusive talks for
a possible sale to private-equity firm Centerbridge Partners. The
private-equity firm could reach a deal for Magellan next month.
FCC Investigates Whether Sinclair Showed 'Lack of Candor' When Trying to Buy Tribune
The Federal Communications Commission is investigating whether
Sinclair Broadcast Group Inc. misled the government agency during
its unsuccessful attempt to buy Tribune Media Co. last year.
H.I.G. Says Trade-Secret Theft Claim Is 'Farcical'
H.I.G. Capital struck back against a translation-services
company's lawsuit claiming that the firm stole its trade secrets,
saying the complaint is the work of a serial litigator trying to
punish a competitor.
Reddit Puts Limits on Pro-Trump Discussion Group
Reddit quarantined a pro-Trump user group on its platform after
it said members threatened violence against both law-enforcement
officers and public officials.
Wayfair Workers Stage Walkout Over Sales to Border Camps
Employees of Wayfair Inc. walked out of the company's Boston
headquarters in protest of the online retailer's sale of $200,000
worth of bedroom furniture to a southern border facility for
migrant children seeking asylum in the U.S.
Bayer to Seek Help With Weedkiller Litigation
Bayer said it would seek outside help and review its approach in
the company's legal battle with thousands of cancer patients who
blame the herbicide Roundup for their illness.
(END) Dow Jones Newswires
June 26, 2019 23:15 ET (03:15 GMT)
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