News Highlights: Top Company News of the Day
June 18 2019 - 05:30PM
Dow Jones News
Amazon Rents More Jets to Expand Next-Day Delivery
Amazon.com Inc. is expanding its domestic air-cargo operation,
renting more small jets to link its distribution centers and extend
the reach of its next-day delivery service.
Adobe Reports 25% Revenue Increase in Latest Quarter
Adobe Systems reported higher-than-expected revenue in its
second quarter, driven by an increase in its subscription software
business.
CBS Is Planning Offer for Sister Company Viacom
CBS is preparing to make an offer for sister media company
Viacom in the coming weeks, following a meeting of CBS directors
last week in which a potential deal was discussed.
Forever 21 Seeks Advice to Avoid Bankruptcy
Teen retailer Forever 21 has hired restructuring advisers to
help negotiate exits from stores and raise a new loan.
Google Makes Housing Commitment Valued at $1 Billion
Google said it would commit $1 billion to boost housing
construction in the San Francisco Bay Area, the latest in a series
of commitments by tech companies to address an affordability crisis
in the region.
Middle East Company Sues Nissan Over Distribution Partnership
A Middle East company owned by a friend of former Nissan Motor
Chairman Carlos Ghosn has sued the Japanese auto maker, seeking
damages of $386 million in connection with a distribution
agreement.
Facebook Unveils Cryptocurrency in Bid to Reshape Finance
Facebook formally announced plans to launch a cryptocurrency
called Libra, promising a secure blockchain-based payment system
backed by hard assets and designed for mainstream users.
Companies Without a Tech Plan in M&A Deals Face Higher IT Costs
Companies without a playbook for integrating
information-technology systems in the wake of an acquisition or
merger risk spiraling IT costs-and angry employees-chief
information officers, consultants and analysts say.
Aviation Turbulence Is Another Big Risk for GE
Strong orders from the Paris Air Show are undermined by serious
headwinds across GE's aviation business.
Deutsche Bank Senior U.S. Bankers Poised to Leave
Two of Deutsche Bank's top New York deal makers are poised to
leave the embattled lender ahead of impending deep cuts to its Wall
Street investment bank.
(END) Dow Jones Newswires
June 18, 2019 17:15 ET (21:15 GMT)
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