News Highlights: Top Company News of the Day
17 June 2019 - 11:15AM
Dow Jones News
AGL Energy Drops Takeover Bid for Vocus
Struggling telecommunications provider Vocus Group Ltd. has lost
another suitor after AGL Energy Ltd. said it had withdrawn a
nonbinding takeover offer and ceased due-diligence work on a
bid.
ArisGlobal Sells Majority Stake to Europe's Nordic Capital
European buyout firm Nordic Capital has agreed to acquire a
majority stake of U.S.-based ArisGlobal, in a deal that values the
life-sciences software company at $700 million including debt.
Trials Near for Boeing 737 MAX Fix
The FAA could start flight trials of Boeing's proposed 737 MAX
safety enhancement as early as this week as the plane maker's chief
executive vowed to restore public confidence in the jet.
Goldman Sachs to Combine Private-Investing Arms
Goldman Sachs is pulling together four separate units that
invest in private companies, real estate and other hard-to-access
deals, creating a new unit.
Disney Overshadows Rival Studios as Reboots and Sequels Sputter
So far this summer, studios not named Walt Disney Co. are
failing to capture moviegoers' attention in a significant way.
Attempting to capitalize on the weekends in which Disney isn't
releasing one of its blockbusters, rivals have tried to stand out
with sequels and remakes of their own once-successful
franchises.
Alleged 1MDB Co-Conspirators Sentenced to Prison
Two prominent figures in a global Malaysian sovereign-wealth
fund scandal were convicted of financial crimes and sentenced to
prison in Abu Dhabi, according to a statement from the emirate's
criminal court and people familiar with the matter.
Car Companies Train Focus on Distracted Driving
Combating distracted driving has long been a frustrating
challenge for car companies, regulators and law enforcement. New
technologies, including eye-tracking cameras and steering sensors,
aim to help solve that problem.
Banks Take First Steps on Climate Risk Evaluations
Chief risk officers of financial institutions are taking initial
steps to evaluate the threat of climate change, but weighing the
dangers posed by a warming planet isn't yet a standard industry
practice.
Drugmakers Sue to Block Federal Rule Requiring Drug Prices in TV Ads
Three pharmaceutical companies sued the federal government to
block a proposal requiring drug manufacturers include the list
price of prescription drugs in television ads.
Dish Leads Bidding to Buy Assets From Sprint, T-Mobile
Dish Network is leading the race to scoop up assets that the
Justice Department forces Sprint and T-Mobile to divest of to save
their $26 billion deal.
(END) Dow Jones Newswires
June 16, 2019 21:00 ET (01:00 GMT)
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