News Highlights: Top Company News of the Day
20 July 2018 - 3:30AM
Dow Jones News
Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky
Comcast said it was dropping its pursuit for most of 21st
Century Fox, ending a bidding war with Walt Disney, but said it
would continue its pursuit of European pay-TV giant Sky PLC.
Google Faces Uphill Battle in Appealing EU Android Fine
Google has a tough task appealing its $5 billion fine from the
European Union, but the challenge isn't insurmountable.
Wells Fargo's Latest Challenge: Refunds for Pet Insurance, Legal Services
Wells Fargo is in the process of refunding tens of millions of
dollars for products ranging from pet insurance to legal services
added to hundreds of thousands of customers' accounts without their
full understanding.
CNN's Jeff Zucker Taking Leave for Elective Heart Surgery
CNN President Jeff Zucker is taking a six-week leave of absence
to have elective heart surgery for a longstanding condition.
Goldman Sachs, Once Closed to Outsiders, Is on a Hiring Spree
Goldman Sachs has brought in 15 outsiders at the elite rank of
partner over the past year, the biggest influx of senior executives
in two decades.
Saudi Aramco in Talks to Buy Stake in Petrochemical Firm
Saudi Aramco said it's in early talks to buy a stake in one of
the world's largest petrochemical companies, an acquisition that
would boost the state-run oil giant's downstream operations.
Blackstone's Profit Climbs as PE Portfolio Surges
Blackstone reported a sharp jump in second-quarter profit as the
value of its private-equity portfolio surged.
Medical Testing Giant LabCorp Hit by Ransomware Attack
The medical-testing giant Laboratory Corp. of America is dealing
with a broad cyberattack, people familiar with the matter said, the
latest breach to disrupt companies that hold sensitive
information.
Philip Morris Cuts Sales, Earnings Targets
Philip Morris International Inc. lowered its forecast on
earnings and sales as it has faced weaker-than-expected demand for
IQOS, its smoke-free electronic-cigarette device in global
markets.
On Amazon, Fake Products Plague Smaller Brands
Amazon has made it easy for small brands to sell their products
to large numbers of customers, but that has also enabled some
counterfeiters to cut into their business.
(END) Dow Jones Newswires
July 19, 2018 13:15 ET (17:15 GMT)
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