News Highlights: Top Company News of the Day
June 29 2017 - 11:31AM
Dow Jones News
Walgreens Ends Rite Aid Merger, Will Buy Half Its Stores
Walgreens Boots Alliance and Rite Aid nixed their $9.4 billion
merger agreement and reached a new deal in which Walgreens will
instead buy half of Rite Aid's stores for $5.18 billion in
cash.
Fox's Bid for Sky Set for More U.K. Scrutiny
The U.K. government said it was likely to require further
scrutiny of 21st Century Fox's $15.1 billion bid to buy the 61% of
British TV giant Sky it doesn't already own.
Pine River Capital to Spin Off Nearly $2 Billion Hedge Fund
Pine River Capital Management plans to spin off a nearly $2
billion government bond-trading fund into a standalone firm Jan. 1,
in what is likely to be one of the biggest new hedge-fund launches
next year.
Blue Apron's Shares Edge Higher in Trading Debut
Shares of Blue Apron Holdings Inc. hovered just above the
initial public offering price in their market debut Thursday after
they priced at the bottom of lowered expectations.
Fred's Stock Takes a Hit After Walgreens-Rite Aid End Merger Plan
Regional pharmacy chain Fred's enjoyed a runup in its stock
price after being invited to buy a large chunk of stores to satisfy
antitrust concerns in Walgreens's plan to buy Rite Aid. But its
stock tumbled after the merger was aborted.
A New Problem for Keystone XL: Oil Companies Don't Want It
Keystone XL is facing a new challenge: The oil producers and
refiners the pipeline was originally meant to serve aren't
interested in it anymore.
Canada's CMHC Declares Special Dividend for Government
Canada's government-owned and dominant mortgage insurer Thursday
declared a special dividend of 4 billion Canadian dollars as part
of a new framework aimed at delivering excess cash to the federal
treasury.
The Latest UPS Delivery Vehicle Isn't a Drone, It's a Golf Cart
UPS plans use golf carts to deliver packages in Kentucky during
the holiday season instead of expanding its fleet of delivery
trucks, a move that is rankling the local Teamsters union.
Google Must Remove a Search Result Globally, Canada Court Rules
Canada's top court ruled that Google can be forced to remove
search results globally, adding to the constraints governments and
courts are exerting over tech giants as those companies' influence
grows.
Amazon's Whole Foods Deal Adds Pressure on Grocery Services to Deliver
The impact of the e-commerce giant's Whole Foods deal on online
grocery services is still unclear, but one thing is certain:
Competition is heating up. From Instacart to Peapod, firms are
racing to gain a larger share of the fast-growing market.
(END) Dow Jones Newswires
June 29, 2017 11:16 ET (15:16 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.