GE Drops Out of the Dow After More Than a Century 
 

General Electric will drop out of the Dow Jones Industrial Average next week, a milestone in the decline of a firm that once ranked among the mightiest of U.S. blue-chips.

 
Verizon, AT&T, Sprint to Cut Off Data Providers After Customer Locations Were Revealed 
 

Verizon Communications, AT&T and Sprint pledged to stop sharing customer locations with two data brokers after at least one company revealed individuals' whereabouts without their consent.

 
Starbucks to Close More Stores Amid Glut of Coffee Shops 
 

Starbucks Corp. said it will close more stores in the increasingly crowded U.S. market where it was a pioneer.

 
McKinsey Investments Weren't Disclosed in Bankruptcy Cases 
 

Its retirement fund invested in hedge funds with financial interests in six bankrupt companies the consulting firm was advising.

 
Bank of America to Pay $42 Million to Settle SEC Electronic-Trading Charges 
 

Bank of America Merrill Lynch will pay $42 million for misleading clients by routing orders to high-speed trading firms without telling the customers, the Securities and Exchange Commission said Tuesday.

 
Ford and Volkswagen Discuss Developing Vehicles Together 
 

Ford Motor Co. and Volkswagen AG are exploring how they could work together to better compete globally as cars become more technologically advanced and customer expectations evolve.

 
Ford Buys Historic Train Station in Detroit for Redevelopment 
 

Ford Motor Co. has purchased a long-abandoned train station in Detroit and is planning to redevelop it as a technology hub for electric and autonomous cars.

 
Icahn Set to Win Majority on SandRidge Board 
 

Activist investor Carl Icahn is poised to win at least four of seven seats on SandRidge Energy's board.

 
PayPal Agrees to Buy Payments Firm Hyperwallet for $400 Million 
 

PayPal said it agreed to acquire fintech company Hyperwallet for about $400 million, augmenting its offerings at a time when the company is facing increased competition from banks, startups and tech companies.

 
U.K. Clears Path for Fox to Partake in Bidding War for Sky 
 

The U.K. government has all but given Rupert Murdoch's Fox permission to partake in a bidding war for British pay-TV giant Sky, clearing one of the last obstacles for a corporate takeover battle that also includes Disney and Comcast.

(END) Dow Jones Newswires

June 19, 2018 19:00 ET (23:00 GMT)