News Highlights: Top Company News of the Day

Date : 06/24/2019 @ 1:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

Eldorado Resorts to Buy Caesars in $8.58 Billion Casino Deal 

Eldorado Resorts agreed to acquire Caesars Entertainment in a cash-and-stock transaction valued at $8.58 billion, in a move that would create one of the largest gambling companies in the U.S.

Bristol-Myers to Shed Psoriasis Drug to Win Approval for Celgene Deal 

Bristol-Myers Squibb said it would divest itself of Otezla, a psoriasis treatment owned by Celgene, to win approval from regulators and help smooth the path for the companies' pending merger.

FBI Probes Whether Lab Startup uBiome Used Improper Billing Codes 

The FBI is examining whether lab-testing startup uBiome used improper billing codes in claims and sought payment for unnecessary tests, tactics that could have inappropriately enriched the company.

Google's Enemies Gear Up to Make Antitrust Case 

As U.S. officials prepare an antitrust probe of Google and possibly other Silicon Valley giants, a loose-knit crew of its rivals is gearing up to help.

Daimler Cuts Outlook on Fresh Diesel Allegations 

Shares of Daimler fell after the maker of Mercedes-Benz luxury cars issued a profit warning related to a government recall of vehicles suspected of manipulating diesel emissions.

LiveRamp Buys Data Plus Math to Boost Targeted TV Ad Presence 

LiveRamp Holdings agreed to buy Data Plus Math for $150 million in cash and stock, a deal that will give the platform firepower to help advertisers buy and analyze targeted ads both on traditional and streaming TV.

Lufthansa Unveils New Strategy 

Deutsche Lufthansa revealed new developments in its strategy, including turnaround plans for its budget carrier Eurowings, at its capital markets day.

One of the Best Investments in History Becomes a Headache 

One of the best investments of all time has become a big financial headache. Tencent's anchor shareholder has a curiously incomplete plan to manage the downside of its extraordinary early bet on the Chinese tech giant.

Fiat Chrysler and Renault Hope Merger Talks Will Restart Soon 

The outcome of a vote by Nissan shareholders this week could help determine whether Fiat Chrysler Automobiles and Renault can revive their $40 billion merger talks.

FedEx Slashes Prices to Fill Its Planes 

FedEx is offering big discounts to woo online merchants to its air network as it seeks to refashion a delivery system ill-equipped for the rise of e-commerce.


(END) Dow Jones Newswires

June 24, 2019 09:00 ET (13:00 GMT)

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

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