News Highlights: Top Company News of the Day

Date : 06/17/2019 @ 10:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

GE Aviation Sees $35B in Deals 

General Electric Aviation should secure more than $35 billion in engines and services deals, according to the unit's chief, who remained bullish on the commercial aviation market.

Goldman Sachs to Combine Private-Investing Arms 

Goldman Sachs is pulling together four separate units that invest in private companies, real estate and other hard-to-access deals, creating a new unit.

ArisGlobal Sells Majority Stake to Europe's Nordic Capital 

European buyout firm Nordic Capital has agreed to acquire a majority stake of U.S.-based ArisGlobal, in a deal that values the life-sciences software company at $700 million including debt.

Alibaba Proposes Stock Split To Have Capital Raising Flexibility 

Alibaba Group Holding Ltd. (BABA) has proposed a one-to-eight stock split as the company seeks to increase the number of shares available for issuance at a lower per share price.

Lufthansa Slides After Second Profit Warning 

Lufthansa shares fell by 12% after the carrier issued a profit warning for its 2019 outlook, the second alert this year, as overcapacity and aggressive low-cost competitors put pressure on its European operations.

Airtel Africa Sets London IPO Price Range 

Airtel Africa has set its London IPO price range of between 80-100 pence a share, giving the unit of Indian telecoms giant Bharti Airtel a valuation of up to GBP3.62 billion.

AGL Energy Drops Takeover Bid for Vocus 

Struggling telecommunications provider Vocus Group Ltd. has lost another suitor after AGL Energy Ltd. said it had withdrawn a nonbinding takeover offer and ceased due-diligence work on a bid.

Taiwan-Based TPK Leaves Japan Display's Bailout Investor Group 

Japan Display Inc. said it still expects a bailout from an investor group worth up to $737 million, though the group's composition has changed due to the deteriorating financial condition of the Japanese company.

Flight Trials Are Near for Boeing's MAX Safety Fix 

The FAA could start flight trials of Boeing's proposed 737 MAX safety enhancement as early as this week as the plane maker's chief executive vowed to restore public confidence in the jet.

Disney Overshadows Rival Studios as Reboots and Sequels Sputter 

So far this summer, studios not named Walt Disney Co. are failing to capture moviegoers' attention in a significant way. Attempting to capitalize on the weekends in which Disney isn't releasing one of its blockbusters, rivals have tried to stand out with sequels and remakes of their own once-successful franchises.


(END) Dow Jones Newswires

June 17, 2019 05:15 ET (09:15 GMT)

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

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