News Highlights: Top Company News of the Day

Date : 06/27/2019 @ 10:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Commercial Real Estate Firm Plans $612M Singapore REIT IPO 

EXCLUSIVE: KBS Realty Advisors, a U.S.-based commercial real-estate firm, is planning to list some of its U.S. commercial real estate assets in Singapore and raise $612 million, people with knowledge of the plans said.

H&M Shares Surge as Summer Collections Boost Sales 

Hennes & Mauritz posted a slight dip in second quarter net profit, as expected, as the cost of its intensifying turnaround efforts offset stronger sales.

FAA Finds New Software Problem in Boeing's 737 MAX 

Boeing and federal regulators said they have identified a new software problem on the 737 MAX, further delaying the process of returning the troubled jet to service.

Oxford University Signs $5 Billion Deal With Investor 

The University of Oxford signed a deal with U.K. insurer and asset manager Legal & General to provide $5 billion in funding over 10 years to build graduate student housing, subsidized accommodation for university staff and income-generating science parks.

Huawei Loses Trade-Secrets Dispute With Startup 

A Texas jury has found that Chinese telecom Huawei Technologies misappropriated the trade secrets of a Silicon Valley chip startup.

Facebook's Zuckerberg Backs Privacy Legislation 

Mark Zuckerberg, chief executive and co-founder of Facebook, endorsed federal privacy legislation and greater regulation of political advertising, even as he cast governments as too slow to address many of the internet's thorniest problems.

Carl Icahn Seeks to Replace Four Occidental Directors 

Billionaire investor Carl Icahn is seeking to replace four directors at Occidental Petroleum, saying the company's board mismanaged its $38 billion deal to buy Anadarko Petroleum.

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.

FCC Investigates Whether Sinclair Showed 'Lack of Candor' When Trying to Buy Tribune 

The Federal Communications Commission is investigating whether Sinclair Broadcast Group Inc. misled the government agency during its unsuccessful attempt to buy Tribune Media Co. last year.

H.I.G. Says Trade-Secret Theft Claim Is 'Farcical' 

H.I.G. Capital struck back against a translation-services company's lawsuit claiming that the firm stole its trade secrets, saying the complaint is the work of a serial litigator trying to punish a competitor.


(END) Dow Jones Newswires

June 27, 2019 05:15 ET (09:15 GMT)

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

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