News Highlights: Top Company News of the Day

Date : 06/19/2019 @ 12:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

PG&E Settles With Some California Communities on Wildfire Claims 
 

PG&E has agreed to pay $1 billion to a range of California cities, counties and other government entities to settle claims related to taxpayer losses caused by three devastating fires in the state.

 
Amazon Rents More Jets to Expand Next-Day Delivery 
 

Amazon.com 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.

 
 

(END) Dow Jones Newswires

June 18, 2019 19:15 ET (23:15 GMT)

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


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