News Highlights: Top Company News of the Day
June 27 2019 - 5:30AM
Dow Jones News
Commercial Real Estate Firm Plans $612M Singapore REIT IPO
EXCLUSIVE: KBS Realty Advisors, a U.S.-based commercial
real-estate firm, is planning to list some of its U.S. commercial
real estate assets in Singapore and raise $612 million, people with
knowledge of the plans said.
H&M Shares Surge as Summer Collections Boost Sales
Hennes & Mauritz posted a slight dip in second quarter net
profit, as expected, as the cost of its intensifying turnaround
efforts offset stronger sales.
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.
Oxford University Signs $5 Billion Deal With Investor
The University of Oxford signed a deal with U.K. insurer and
asset manager Legal & General to provide $5 billion in funding
over 10 years to build graduate student housing, subsidized
accommodation for university staff and income-generating science
parks.
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.
(END) Dow Jones Newswires
June 27, 2019 05:15 ET (09:15 GMT)
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