News Highlights: Top Company News of the Day

Date : 06/13/2018 @ 5:30PM
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.

Twitter Has More News It Thinks You Want to Follow 

Twitter Inc. plans to offer more aggressive personalized suggestions of real-time news and sports it thinks you want to follow-its latest stab at making the social network's vast trove of information easier to use.

Comcast Bid for Fox Will Set Tone for Merger Mania 

With a federal judge's approval of AT&T-Time Warner, mega deal-making in media can commence.

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.

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 after 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.

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.

Toyota to Invest $1 Billion in Ride-Hailing Startup Grab 

Toyota's $1 billion investment in Southeast Asian ride-hailing firm Grab reflects CEO Akio Toyoda's view that the company needs to expand beyond making cars to survive.


(END) Dow Jones Newswires

June 13, 2018 13:15 ET (17:15 GMT)

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

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