News Highlights: Top Company News of the Day

Date : 07/12/2018 @ 10:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

U.S. Appeals Ruling Allowing AT&T-Time Warner Merger 

The Justice Department appealed a trial judge's ruling last month that allowed AT&T to acquire Time Warner, setting the stage for a second round of legal proceedings in a blockbuster antitrust case.

Walmart in Talks to Move Credit-Card Partnership to Capital One 

Walmart is talking to Capital One about taking over its store credit card, a potential blow to current issuer Synchrony Financial.

Fox Gets U.K. Approval to Buy Sky Amid Comcast Bidding War 

The U.K. government won't oppose a bid by Rupert Murdoch's 21st Century Fox to consolidate ownership of Sky, removing the last regulatory hurdle for Fox as it battles it out with Comcast for the British broadcaster.

JPMorgan Whistleblower Set to Get Largest Payout from CFTC 

A whistleblower who alerted regulators to conflicts of interest at JPMorgan Chase will get $30 million from the Commodity Futures Trading Commission, the largest CFTC payout to a tipster to date.

Papa John's Stock Soars After Chairman's Exit 

Papa John's independent directors have accepted the resignation of John Schnatter as board chairman, after he admitted to using a racial slur in a conference call. The pizza chain's stock jumped on the news.

Abraaj Liquidators Unable to Find Key Financial Statements 

In a report to a court, the liquidators say they have been unable to find key financial statements for the troubled private-equity firm and have identified what they consider unusual borrowing practices.

Bustle Owner Bryan Goldberg Wins Bankruptcy Auction for 

A holding company owned by Bryan Goldberg, the founder of Bleacher Report and Bustle, has been picked as the successful bidder for former media site Gawker, according to people familiar with the matter.

What to Watch in JPMorgan's Earnings 

The largest bank by assets in the U.S., run by CEO James Dimon, is expected to report improving results Friday.

SEC Probes Why Facebook Didn't Warn Sooner on Privacy Lapse 

Securities regulators are investigating whether Facebook Inc. adequately warned investors that third parties may have obtained users' data in violation of Facebook's policies, people familiar with the matter said.

Mastercard Says It Has Resolved Outage Issues 

Mastercard said it has resolved issues that had caused customers in some markets to experience outages in card transactions.


(END) Dow Jones Newswires

July 12, 2018 17:15 ET (21:15 GMT)

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

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