News Highlights: Top Company News of the Day
June 16 2021 - 5:10PM
Dow Jones News
Justice Department Sues to Block Aon Acquisition of Willis Towers Watson
An antitrust lawsuit filed Wednesday by the U.S. Justice
Department challenges insurance broker Aon PLC's proposed $35
billion acquisition of rival Willis Towers Watson PLC and alleges
it would lead to higher prices and reduced innovation.
GM Raises Electric-Car Bet
General Motors said that it will boost spending on electric and
autonomous vehicles to $35 billion through 2025, an increase that
reflects plans to add two more battery factories in the U.S.
Royal Caribbean Postpones July Cruise After Crew Members Test Positive for Covid-19
The delay shows that positive cases onboard could disrupt
restart plans.
Morgan Stanley Hires Greg Weinberger Away From Credit Suisse
The investment banker's departure comes as the Swiss bank deals
with losses tied to the meltdown of Archegos Capital
Management.
Waymo Raises $2.5 Billion in Funding Round
Alphabet's self-driving affiliate said it wants to continue
developing its Waymo Driver autonomous-driving system.
Toshiba Chairman, Under Fire, Says He May Leave After He Fixes Issues
In an interview with The Wall Street Journal, Osamu Nagayama, up
for re-election after a turbulent spring, said he saw it as his
mission to fix the conglomerate's governance problems by bringing
in new blood.
Boeing, Airbus Gear Up for Post-Tariff Fight for Orders
A trans-Atlantic truce over jetliner subsidies sets up Boeing
and Airbus for a revitalized battle in their respective home
markets, as each maps out strategies to regain ground lost to the
pandemic-driven travel slump.
Oracle's Cloud Bill Is Finally Coming Due
The software giant plans to double capital expenditures in a
very expensive race to provide cloud computing.
Apple Struggles in Push to Make Health Its Greatest Legacy
Apple CEO Tim Cook has said the company's greatest contribution
to mankind will be in health. So far, some of its initiatives aimed
at broadly disrupting the healthcare sector have struggled to gain
traction.
After Trump Ban, Facebook Oversight Panel Pushes for More Say
The social-media company's Oversight Board, as well as outside
observers, say the longer-term effectiveness of the panel lies in
how Facebook responds to its guidance.
(END) Dow Jones Newswires
June 16, 2021 17:00 ET (21:00 GMT)
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