News Highlights: Top Company News of the Day
June 18 2019 - 3:15PM
Dow Jones News
Investors Bet That Visa, Mastercard Can Stand Up to Libra
Investors are betting that Facebook's efforts to create a
blockchain-based payments system won't threaten credit-card
companies' winning streak-at least for now.
Companies Without a Tech Plan in M&A Deals Face Higher IT Costs
Companies without a playbook for integrating
information-technology systems in the wake of an acquisition or
merger risk spiraling IT costs-and angry employees-chief
information officers, consultants and analysts say.
Aviation Turbulence Is Another Big Risk for GE
Strong orders from the Paris Air Show are undermined by serious
headwinds across GE's aviation business.
Deutsche Bank Senior U.S. Bankers Poised to Leave
Two of Deutsche Bank's top New York deal makers are poised to
leave the embattled lender ahead of impending deep cuts to its Wall
Street investment bank.
Boeing Ends Order Drought Triggered by 737 MAX Crisis
Boeing Co. won a landmark 737 MAX order from British Airways
parent IAG on Tuesday, ending a sales drought in the wake of the
grounding of the aircraft following two fatal crashes.
Facebook Unveils Cryptocurrency in Bid to Reshape Finance
Facebook formally announced plans to launch a cryptocurrency
called Libra, promising a secure blockchain-based payment system
backed by hard assets and designed for mainstream users.
Kellogg Plans Job Cuts Amid North America Reorganization
Kellogg will cut about 150 salaried positions in its North
America segment as part of a reorganization linked to the $1.3
billion sale of its Keebler cookie business and other brands.
News Corp to Consider Selling News America Marketing Unit
News Corp is reviewing its options for its News America
Marketing business, which could include a potential sale of the
coupon publisher, as the company looks to focus on core areas of
its business.
Odebrecht Bankruptcy to Hurt Brazilian State-Owned Banks
Brazil's huge state-controlled banks are bracing for heavy
losses after the construction conglomerate Odebrecht filed Monday
night for one of Latin America's largest-ever bankruptcies.
Private-Equity Firms Are Raising Bigger and Bigger Funds. They Often Don't Deliver.
So-called megafunds of $10 billion or more have performed
roughly in line with the S&P 500.
(END) Dow Jones Newswires
June 18, 2019 15:00 ET (19:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.