News Highlights: Top Company News of the Day

Date : 06/13/2018 @ 3:30PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

White House Seeks to Block Bid to Kill ZTE Deal 

The White House will try to block language in the Senate defense bill aimed at derailing a Trump-brokered deal to resuscitate Chinese telecom giant ZTE.

GM CFO Chuck Stevens to Retire 

General Motors Chief Financial Officer Chuck Stevens is set to retire next year after more than 40 years with the auto maker. GM executive Dhivya Suryadevara will take over as CFO in the fall.

Green Light for AT&T Deal Sets Up Comcast's Fox Bid, Merger Frenzy 

A court's approval of AT&T's merger with Time Warner paves a clear path for Comcast to bid for 21st Century Fox assets and could trigger a round of deal-making by smaller media companies trying to keep up with industry titans.

Stryker Says It Isn't in Deal Talks With Boston Scientific 

Medical-technology company Stryker said it isn't in discussions with Boston Scientific regarding a potential takeover, responding to market speculation about a possible deal.

AT&T Defeat, High-Profile Cases Put Pressure on DOJ 

The AT&T ruling was a major blow for the Justice Department, putting its antitrust enforcers in the position of having to regroup quickly, as a heavy workload awaits them.

Payment-Tech Firm Adyen Soars in European Market Debut 

Shares in Dutch payment technology company Adyen surged in their first day of trading on the Amsterdam Euronext exchange.

Shareholder Discontent Brews at WPP in Wake of Sorrell 

WPP is facing shareholder unrest over its handling of founder Martin Sorrell's resignation, in a sign of how the advertising giant is straining to turn the page on its former chief executive and the business model he pioneered.

Hedge Funds Are Poised to Be Winners in AT&T-Time Warner Deal 

AT&T's victory in its legal battle to buy Time Warner likely handed a win to merger arbitragers, particularly some of Wall Street's biggest hedge funds, who had bet the deal would go through.

How Whole Foods Gives Amazon a Boost 

Amazon's acquisition of Whole Foods last year freaked out rival supermarkets, but the real surprise is how much the grocery chain has helped Amazon grow.

Zara Boosts Profit Margin, Bucking an Industry Trend 

Zara's parent company said same-store sales growth slowed in the latest quarter, though profit margins improved, as the world's largest fashion retailer attempts to handle competition from online retail.


(END) Dow Jones Newswires

June 13, 2018 11:15 ET (15:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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