News Highlights: Top Company News of the Day
13 July 2019 - 7:30AM
Dow Jones News
J&J Says No Developments in Justice Probe Over Baby Powder
Johnson & Johnson on Friday said there were no new
developments regarding a Justice Department probe into the
company's handling of talcum powder.
FTC Approves Roughly $5 Billion Facebook Settlement
The Federal Trade Commission voted this week to approve a
roughly $5 billion settlement with Facebook over a long-running
probe into the tech giant's privacy missteps, according to a person
familiar with the matter.
Anheuser-Busch InBev Calls Off IPO of Asia Unit
Anheuser-Busch InBev said prevailing market conditions would
cause it to call off a much anticipated initial public offering for
its Asia unit.
VW Ups Its Investment in Ford's Self-Driving Car Unit
Volkswagen has agreed to invest around $2.6 billion in Ford's
autonomous-vehicle partner, Argo AI, in a deal that expands an
alliance struck earlier this year and values the startup at $7
billion.
Amazon Needs Some Prime Numbers
Its market value is back near $1 trillion as new efforts may
re-accelerate growth-at the expense of profits.
Sears Bankruptcy Judge Threatens to Appoint Examiner in Lampert Dispute
Judge Robert Drain said at a hearing Thursday in the U.S.
Bankruptcy Court in White Plains, N.Y., that Mr. Lampert's
Transform Holdco LLC and the Sears chapter 11 estate have 10 days
to reach agreements over key issues surrounding how much money they
owe each other under Transform's $5.2 billion deal to take over
hundreds of Sears and Kmart stores.
Travel Operator Thomas Cook Seeks Financial Lifeline From China's Fosun
Thomas Cook Group is in advanced talks with Chinese conglomerate
Fosun International about a potential injection of GBP750 million
in capital ($940.1 million) that would help stabilize the U.K.
travel operator's finances.
Ron Burkle and Sydell Group Sell Youth Hostel Brand for $400 Million
A U.K. investment firm is paying about $400 million to acquire
Freehand Hotels, the New York-based lodging company majority owned
by hotel operator Sydell Group and private-equity investor Ronald
Burkle's firm.
Daimler Issues Another Profit Warning as Legal Woes, Recalls Hit
Daimler cut its earnings outlook for the second time in a month,
as the legal fallout from the continuing diesel-emissions scandal
continues to hamper the luxury auto firm.
Hillenbrand to Buy Milacron Holdings
Industrial firm Hillenbrand said it is buying plastics
manufacturer Milacron Holdings in a cash and stock transaction
valued at $1.27 billion.
(END) Dow Jones Newswires
July 12, 2019 17:15 ET (21:15 GMT)
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