News Highlights: Top Company News of the Day
June 25 2019 - 1:15PM
Dow Jones News
Mitsubishi to Acquire Bombardier's Regional Jet Unit
Mitsubishi said it would acquire Bombardier's regional-jet
business for $550 million in a transaction that puts the companies
on different paths in the aviation sector.
YouTube Content for Children Should Be Barred, Advocacy Groups Tell FTC
Two privacy-advocacy groups are calling on the FTC to remove
from YouTube all content aimed at children and to impose tens of
billions in fines.
AbbVie Strikes Deal to Acquire Allergan for About $63 Billion
AbbVie agreed to buy the maker of Botox for about $63 billion,
betting a combination will deliver new sources of growth they have
struggled to find on their own.
GE Reaches Labor Deal With Union Leaders
General Electric reached a tentative four-year agreement with a
group of unions after a few weeks of negotiations, keeping a labor
peace as the conglomerate restructures operations.
U.S. Steel Seeks to Make More With Fewer Furnaces
Falling steel prices are adding pressure to U.S. Steel's plan to
get better performance from its mills by making overdue repairs and
equipment upgrades.
Deutsche Bank's Equities Chief Expected to Leave
Deutsche Bank's global head of equities is expected to leave the
bank, the latest move in a planned downsizing of the German
lender's investment bank.
UnitedHealth Buys PatientsLikeMe After Startup Was Forced to Divest Chinese Investment
UnitedHealth Group bought PatientsLikeMe, a company that helps
connect people who have similar health conditions, after the
startup was forced to divest an investment by a Chinese firm.
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.
American Standard Owner Brings Back Ex-CEO
In a rare corporate comeback, the ousted chief executive of
Lixil Group recovered his job at the Japanese bath and kitchen
company with the support of some foreign activist shareholders.
Ligado's Wireless Plans Caught In 5G Agency Crossfire
Ligado Networks' plan to develop some of the nation's most
valuable airwaves is being undercut by disagreements between U.S.
regulators-miring the company in a holding pattern and pressuring
its finances.
(END) Dow Jones Newswires
June 25, 2019 13:00 ET (17:00 GMT)
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