News Highlights: Top Company News of the Day

Date : 06/17/2019 @ 4:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Sotheby's to Be Taken Private by Altice Founder Patrick Drahi 

Global auction house Sotheby's has agreed to be taken private by art collector and media entrepreneur Patrick Drahi in a $2.66 billion deal.

Pfizer to Buy Array BioPharma 

Pfizer agreed to buy Array BioPharma for $10.64 billion in cash, as the pharmaceutical company looks to expand its pipeline of cancer therapies.

Huawei Expects $30 Billion Revenue Hit From U.S. Clampdown 

The U.S. campaign against Huawei is taking a toll, with the company's founder forecasting a hit to revenue of about $30 billion over the next two years.

Airbus Jumps Ahead of Boeing in Midsize-Plane Battle 

European plane maker Airbus intends to develop its longest-range single-aisle plane yet, adding pressure on rival Boeing, which plans a jet for the same market but is distracted by its 737 MAX crisis.

Collective Health Raises $205 Million in SoftBank-Led Funding Round 

Health-benefits platform marks the Vision Fund's first health-care services investment

Amazon Struggles to Advance in Videogame Industry laid off several dozen employees from its division that develops videogames, as the tech giant has struggled to produce a hit and make inroads in the industry.

Google Pays for Big Tech's Sins 

Google is hardly the only giant tech company in hot water these days, but its investors could be forgiven for feeling otherwise.

Bitter Reality Is Setting in for Europe's Airlines 

So much for hopes that European airlines will finally put their house in order and rival the profitability of U.S. peers. A big profit warning from Lufthansa-the top European carrier by passengers-is the latest sign that this won't happen anytime soon.

GE Aviation Sees $35B in Deals 

General Electric Aviation should secure more than $35 billion in engines and services deals, according to the unit's chief, who remained bullish on the commercial aviation market.

Questions Over Drivers and Wine Storage Push Out Senior ANZ Executive 

David Hisco, head of ANZ's New Zealand operation, left the job after a review concluded that his characterization of expenses fell short of internal standards.


(END) Dow Jones Newswires

June 17, 2019 11:15 ET (15:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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