News Highlights: Top Company News of the Day
15 June 2018 - 3:30AM
Dow Jones News
$65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight
Comcast made an unsolicited offer to buy most of 21st Century
Fox for roughly $65 billion, kicking off a bidding war with Walt
Disney as the two media titans jockey for position in a business
undergoing tumultuous change.
Private-Equity Giant Abraaj Files for Liquidation
Abraaj, the embattled emerging-markets private-equity firm, said
its Cayman Islands-based holding company filed for liquidation, in
what could be one of the industry's largest-ever failures.
AT&T's Time Warner Prize-a Load of Hollywood Headaches
The telecom giant's legal odyssey may soon seem like a breeze
compared to delivering on the promise of the $80 billion deal. A
major challenge will be integrating a staid phone company with an
entertainment behemoth filled with larger-than-life
personalities.
Snapchat Zigs Where Facebook Zags
Snapchat is opening its platform to outside developers in a push
for growth that will also test its commitment to privacy.
Equifax Taps IBM Executive to Lead Tech Efforts
Equifax has recruited an IBM executive to lead its technology
efforts as the credit bureau looks to rebound from its massive 2017
data breach.
Appeals Court Rules Against Insurer Moda Health Over ACA Payments
The decision is a blow to other insurers hoping to recoup money
they say they were owed under the Affordable Care Act.
China's Costly Wars to Go Cashless
As more Chinese leave their wallets at home, Alibaba and Tencent
are reaching deeper into theirs to fund an increasingly arms race
to dominate mobile payments.
Rolls-Royce, Under Pressure From Investors, Will Cut 4,600 Jobs
British aircraft-engine maker Rolls-Royce said it would shed
4,600 jobs even as it grapples with mounting problems with an
engine powering Boeing 787 Dreamliners.
Why Investors Should Hold Out for a Sky-High Price
A bidding war for Fox doesn't rule out one for European pay TV
leader Sky
Goodbye London: Unilever Set to Lose Its Place in the FTSE 100
Unilever, one of the U.K.'s biggest companies, looks set to
leave the country's blue chip FTSE 100 index after consolidating
its legal structure in the Netherlands.
(END) Dow Jones Newswires
June 14, 2018 13:15 ET (17:15 GMT)
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