News Highlights: Top Company News of the Day
28 June 2017 - 10:31PM
Dow Jones News
Staples Nears Deal With Sycamore
Private-equity firm Sycamore Partners is nearing a deal to buy
office-supply retailer Staples Inc. for more than $6.5 billion, a
bold bet on a company whose sales have been shrinking in recent
years.
After Stress Test, Buffett Stands to Be Top Bank of America Holder
Warren Buffett's Berkshire Hathaway may become the biggest
shareholder in Bank of America, if the country's second-largest
bank gets the expected stress-test result Wednesday.
MetLife Closer to Spinning Off U.S. Life Insurance Business
MetLife has cleared one of the last obstacles to spinning off
most of its longtime core business of selling life insurance to
U.S. families.
Stephan Feldgoise, a Top Goldman Merger Banker, to Retire
Stephan Feldgoise, co-head of Goldman's M&A group in the
Americas, is retiring from the firm at age 46, according to people
familiar with the matter. He will remain an advisory director.
Yogurt Declines Continue to Hurt General Mills
General Mills' new chief executive said he would invest in
reviving sales as the struggling yogurt business continues to weigh
on the company.
ABC News Settles 'Pink Slime' Food-Libel Lawsuit
ABC News has settled a defamation lawsuit filed by the maker of
a processed-meat product that critics dubbed "pink slime," bringing
to a close a high-profile legal test of so-called food-libel laws
intended to shield the food-production industry from bogus
food-safety scares.
Monsanto Boosted by Soybean Seeds and Traits Business
Higher soybean plantings in the U.S. this spring boosted biotech
seed giant Monsanto's quarterly profit, despite the broader slump
in agricultural commodity prices.
New AIG Chief: Let's Make a Deal
American International Group Inc.'s new chief executive Brian
Duperreault says he is open to slowing down the firm's share
buybacks and instead using the capital for acquisitions.
Is Food Giant Nestlé Turning Away From Food?
Nestlé, the world's biggest packaged-food company, may be
cutting back on packaged food.
Alibaba Pumps Another $1 Billion Into Lazada
The Chinese internet giant is plowing an additional $1 billion
into Southeast Asian e-commerce firm Lazada Group, raising its
stake to 83% from 51%.
(END) Dow Jones Newswires
June 28, 2017 17:16 ET (21:16 GMT)
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