News Highlights: Top Company News of the Day

Date : 06/26/2019 @ 10:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Centerbridge Is in Exclusive Talks to Buy Magellan Health 

Managed-care provider Magellan Health is in exclusive talks for a possible sale to private-equity firm Centerbridge Partners. The private-equity firm could reach a deal for Magellan next month.

Wayfair Workers Stage Walkout Over Sales to Border Camps 

Hundreds of Wayfair employees walked out of the company's Boston headquarters in protest of the online furniture retailer's plan to sell bedroom furniture to a southern border facility for migrant children.

Bayer to Seek Help With Weedkiller Litigation 

Bayer said it would seek outside help and review its approach in the company's legal battle with thousands of cancer patients who blame the herbicide Roundup for their illness.

General Mills Dragged Down by Snack-Bar Sales Decline 

General Mills' snack-bar business faltered in its latest quarter and sales of grocery staples such as cereal were flat, highlighting the tough path the company faces as it works to spark faster growth.

EU Orders Broadcom to Halt Allegedly Anticompetitive Practices 

The European Commission, in a rare move, ordered Broadcom to immediately halt certain practices that it alleges are anticompetitive as it opened a formal antitrust probe into the chip maker.

BlackBerry Posts 1Q Loss; Sales Rise 

BlackBerry said profit fell less than last year amid stronger sales in its software and services operations

Kraft Heinz CEO Looks to Ketchup for Sales Spurt 

Miguel Patricio says the company's well-known products need a new boost. He took over as chief executive this week, at the lowest point in the food conglomerate's history.

LyondellBasell Guides for Fall in Profit in 2Q 

LyondellBasell Industries is expecting its second-quarter earnings to decline from the comparable quarter a year earlier, but to be within the range analysts are expecting.

LaCroix Fights Sales Drop as Rivals Bubble Up 

LaCroix's faintly flavored bubbly water drove an explosion of sales in its corner of the beverage market. Now, as parent National Beverage Corp. prepares to report results Wednesday, rivals are winning over some consumers.

Why This Time Is Different for CBS and Viacom 

The media companies have previously faced obstacles to merging, but conditions have changed. Just because a merger hasn't worked out before doesn't mean it won't this time around.


(END) Dow Jones Newswires

June 26, 2019 17:15 ET (21:15 GMT)

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

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