News Highlights: Top Company News of the Day

Date : 06/12/2019 @ 1:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Huawei Pulls Laptop Launch as U.S. Restrictions Sting 

China's Huawei Technologies canceled the launch of a new laptop and paused production at its personal-computer business due to restrictions on buying American components.

Google Axes Lobbyists Amid Growing Government Scrutiny 

Google has fired several of its largest lobbying firms as part of a major overhaul of its global government affairs and policy operations amid the prospect of greater government scrutiny.

KKR Doubles Down on House Flippers 

The investment house has agreed to pump another $250 million into Toorak Capital Partners, which buys short-term loans made to real-estate investors who purchase, renovate and resell residential properties.

Sprint, T-Mobile Merger Chances Take Another Hit 

Sprint and T-Mobile have suffered a significant setback as they await Justice Department approval for their union.

WPP Confirms Guidance, Kantar Sale on Track 

WPP backed its guidance for the year and said the sale of its Kantar business was on track.

China Brokerage's $2 Billion Offering Kick-Starts London Stock Link 

Chinese brokerage Huatai Securities plans to raise as much as $2 billion selling London-listed share-backed instruments this week, reviving the postponed Shanghai-London Stock Connect program.

Cloud Gaming May Be Microsoft's to Lose 

While the future of cloud-enabled videogame streaming remains murky, it is clear Microsoft is setting itself up to win-regardless of who else does.

Deutsche Bank Warns Clients They Could Be Cut Off in Compliance Effort 

Deutsche Bank has given around 1,000 investment-banking clients a month or less to hand over company-ownership information and other documentation in the bank's protracted effort to close compliance gaps.

Ackman Opposes United Technologies-Raytheon Deal 

William Ackman, a big United Technologies shareholder who earlier pushed the industrial giant to streamline its business, is now urging the company to call off its planned megamerger with Raytheon, which he says makes no strategic sense.

Durex Owner Names Pepsi Executive as CEO 

Reckitt Benckiser has tapped one of Pepsi's most senior people to be its new chief executive, as the owner of Durex condoms and Dettol cleaning products looks to revive growth after a challenging few years.


(END) Dow Jones Newswires

June 12, 2019 09:00 ET (13:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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