News Highlights: Top Company News of the Day
28 June 2017 - 9:31AM
Dow Jones News
Google Slapped With $2.7 Billion EU Fine Over Search Results
The European Union's antitrust regulator fined Alphabet's Google
a record $2.71 billion for favoring its own comparison-shopping
service in search results.
Nestlé Plans Share Buyback After Pressure From Third Point
Nestlé on Tuesday announced plans to launch a $20.8 billion
share buyback, focus its capital spending on categories like coffee
and pet care, and look for consumer health care acquisitions, a
move that comes after it found itself the target of activist
investor Third Point.
Wells Fargo to Sell Commercial Insurance Business to USI Insurance
Wells Fargo said Tuesday it would sell its commercial insurance
businesses to privately-held USI Insurance Services.
Dow Investor Calls for Changes in Post-DuPont Merger Breakup
Glenview Capital Management recently met with leaders of DuPont
and Dow Chemical and pushed for changes in a plan to break the
combined group into three parts, according to a letter the hedge
fund sent to its investors late Tuesday.
UPS to Freeze Pension Plans for Nonunion Staffers
United Parcel Service will freeze pension plans for about 70,000
nonunion employees, seeking to contain the burden of a retirement
fund with a nearly $10 billion deficit.
Apollo Breaks Record as Investors Flock to Buyout Funds
Apollo Global Management, the private-equity firm co-founded by
billionaire investor Leon Black, has raised $23.5 billion for the
world's largest ever buyout fund.
American Airlines to Test 3-D Bag Screening Equipment
American Airlines Group Inc. is testing new machines that map
the contents of hand luggage more accurately, aiming to address
heightened concerns over explosive devices that could be carried
onto a plane.
Samsung Revives Galaxy Note 7 With New 'Fandom Edition'
A refurbished version of the premium smartphone, whose global
recall last year garnered unwanted attention for Samsung after some
caught fire, is coming to retailers' shelves on July 7 with
different components under the name Galaxy Note 7 FE.
Health Insurers Uneasy With Senate's Approach to Continuous Coverage
Health-industry officials say it isn't clear how much an added
provision they sought for the Senate health bill will go toward
helping insurance plans draw in the young, healthy enrollees
insurers crave.
Jack Dorsey's Square Inc. May Soon Loan You Money
Square Inc., the technology company best known for processing
payments for small merchants across the U.S., is now angling to
lend to consumers, too.
(END) Dow Jones Newswires
June 27, 2017 19:16 ET (23:16 GMT)
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