News Highlights: Top Company News of the Day

Date : 13/06/2019 @ 01:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Bill Daley, Ex-Obama Chief of Staff, Is Going Back to Wall Street 

Bank of New York Mellon names Bill Daley, the former White House chief of staff who spent seven years at JPMorgan, as its vice chairman.

Ford to Repair Suspension Problem on 2011-2017 Explorers 

Ford Motor Co. said it was issuing a notice to correct a suspension problem in certain model-year 2011 through 2017 Explorer vehicles.

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.

Zara Is Still Well Dressed 

A cutting-edge business model no longer delivers blistering sales growth, but parent Inditex remains one of the steadiest bets in retail.

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.


(END) Dow Jones Newswires

June 12, 2019 11:15 ET (15:15 GMT)

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