News Highlights: Top Company News of the Day

Date : 06/25/2019 @ 10:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Nissan Overhauls Board Following Raucous Shareholder Meeting 

Nissan Motor shareholders voted to overhaul the company's board structure, a key goal of Chief Executive Hiroto Saikawa.

FedEx Sues Commerce Department Over Restrictions on Huawei 

FedEx filed a lawsuit to stop the U.S. government from requiring the package giant to enforce a crackdown on the Chinese telecommunications-gear maker.

Global Telecom Carriers Attacked by Suspected Chinese Hackers 

Hackers believed to be backed by China's government have infiltrated the cellular networks of at least 10 global carriers, swiping users' whereabouts, text-messaging records and call logs.

Capgemini to Buy Altran in EUR3.6 Billion Deal 

French consulting and technology company Capgemini said it will buy rival Altran in a deal valued at around EUR3.6 billion.

BMW Accelerates Electric-Car Rollout 

BMW is speeding up plans to roll out some electric and semi-electric vehicles, as competition heats up in this rapidly growing market.

Blackstone-Inspired Defaults Under U.S., U.K. Spotlight 

U.S. and U.K. regulators said they would jointly work to address financial engineering in the derivatives market that may push healthy companies to default on debt, echoing worries about potential gamesmanship involving credit-default swaps.

Facebook Fires Back at Apple's Cook 

A senior Facebook executive, Nick Clegg, took a veiled shot at Apple, continuing the sniping between the tech giants as their business models are under increasing scrutiny from global regulators.

Toronto Officials Question Alphabet Unit's Ambitions for 'Smart City' 

A unit of Alphabet said its proposed "smart city" in a Toronto neighborhood would create thousands of jobs and cut greenhouse-gas emissions, but met some resistance from the project's government sponsor over the scope.

Ann Sarnoff Is Named Chief Executive of Warner Bros. 

WarnerMedia has tapped BBC Studios-Americas President Ann Sarnoff to become chief executive of Warner Bros. She will be the first woman to lead the iconic movie and television studio.

Icahn's Caesars Bet Was Smart, Not Just Lucky 

Carl Icahn's bet on Caesars Entertainment already looks to be paying off.


(END) Dow Jones Newswires

June 25, 2019 05:00 ET (09:00 GMT)

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

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