News Highlights: Top Company News of the Day
June 18 2018 - 5:15AM
Dow Jones News
Google Invests $550 Million in Chinese Online Shopping Site JD.com
Google's $550 million investment in JD.com will deepen its ties
with China and strengthen its foothold in online shopping.
Google, Facebook Propel Jump in Global Ad-Spending Forecast
Magna, a division of Interpublic Group, predicts global ad
revenue will increase 6.4% to $551 billion this year, up from an
earlier projection of 5.2% growth.
Virgin Money Accepts CYBG's GBP1.7 Billion Bid
Virgin Money has agreed to an all-share merger bid by rival CYBG
worth GBP1.7 billion
U.S. Auto Makers Are Putting Smaller Engines Into Big Trucks So They Guzzle Less Gas
Big U.S. car makers are standing by many recent tech innovations
to increase fuel efficiency, including smaller engines for pickup
trucks, even as the Trump administration moves to relax gas-mileage
standards.
Gina Rinehart's Hancock Enters Race for Atlas Iron
Billionaire Gina Rinehart's Hancock Prospecting has made a
takeover bid for rival Atlas Iron Ltd. that values Australian
iron-ore miner at US$290 million.
Wells Fargo Struggles to Get Off the Municipal-Bond Blacklist
Wells Fargo is having trouble shaking the effects of its
sales-practices scandal, as some states and cities that do business
with the bank continue to steer clear of it when selling municipal
bonds to the public.
Goldman Sachs Bankers Moonlight as Venture Capitalists
Goldman Sachs bankers have quietly been moonlighting as venture
capitalists, investing early in startups like Uber, Spotify,
Dropbox and Square and amassing a multimillion-dollar
portfolio.
Sizing Up Tesla's $10 Billion Debt Stack
Tesla is growing faster than any other auto maker-just not
always in ways stockholders would want. The company's debt has
surged just as fast as sales, while profits remain elusive.
Tariffs Chip Away at Semiconductor Boom
A trade war between the U.S. and China is bad news for a highly
globalized industry with stocks at record highs.
Unilever Demands Influencer Marketing Business Clean Up Its Act
Using personalities popular on social media for promotion may be
a hot marketing technique, but it also has a downside, according to
Unilever, one of the world's biggest advertisers.
(END) Dow Jones Newswires
June 18, 2018 05:00 ET (09:00 GMT)
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