News Highlights: Top Company News of the Day

Date : 06/14/2018 @ 9:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

$65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight 

Comcast made an unsolicited offer to buy most of 21st Century Fox for roughly $65 billion, kicking off a bidding war with Walt Disney as the two media titans jockey for position in a business undergoing tumultuous change.

Rolls-Royce to Cut 4,600 Jobs 

British aircraft-engine maker Rolls-Royce, facing investor pressure to boost competitiveness, said it would shed 4,600 jobs even as it grapples with mounting problems with an engine powering Boeing 787 Dreamliners.

Volkswagen Fined $1.17 Billion in Germany in Emissions-Cheating Scandal 

German prosecutors described the penalty as one of the highest ever levied on a German company.

Lehman Settles $1.2 Billion Derivatives Fight With Credit Suisse 

The remnant of Lehman Brothers Holdings Inc. has settled a $1.2 billion derivatives lawsuit with Credit Suisse Group AG, wrapping up one of the last remaining big legal battles involving the failed investment bank.

AT&T's Time Warner Prize-A Load of Hollywood Headaches 

The telecom giant's legal odyssey may soon seem like a breeze compared to delivering on the promise of the $80 billion deal. A major challenge will be integrating a staid phone company with an entertainment behemoth filled with larger-than-life personalities.

Comcast's Big Bid Shouldn't Distract From Regulatory Risks 

The approval of the AT&T-Time Warner deal doesn't mean Comcast-Fox would pass muster too, which gives Disney an advantage.

Apple Tests Feature That Could Hamper Access to iPhones 

Apple is working on a new security feature that could make it harder for investigators to retrieve data from iPhones, the latest twist in its long-running standoff with law-enforcement agencies over user privacy.

Apple's New App-Privacy Rules Expose Past Loopholes 

Apple is trying to enforce new privacy policies across its vast network of iPhone and iPad apps-and in the process is exposing longstanding gaps that left users' data vulnerable to abuse.

Chicago Picks Musk's Boring Co. for O'Hare Express Service 

Elon Musk's Boring Co. was picked to finance and build an express train from the downtown Loop neighborhood to Chicago's O'Hare International Airport.

With Time Warner Deal,  AT&T Bulks Up on Content-and Debt 

AT&T Inc.'s $85 billion purchase of Time Warner Inc. is on track to go down as one of the largest acquisitions in history, but the deal will be dwarfed by an even larger figure: the combined company's approximately $181 billion debt load.


(END) Dow Jones Newswires

June 14, 2018 05:00 ET (09:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.