News Highlights: Top Company News of the Day

$65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight 
 

Comcast made an unsolicited offer to buy most of 21st Century Fox for roughly $65 billion, kicking off a bidding war with Walt Disney as the two media titans jockey for position in a business undergoing tumultuous change.

 
Rolls-Royce to Cut 4,600 Jobs 
 

British aircraft-engine maker Rolls-Royce, facing investor pressure to boost competitiveness, said it would shed 4,600 jobs even as it grapples with mounting problems with an engine powering Boeing 787 Dreamliners.

 
Goodbye London: Unilever Set to Lose Its Place in the FTSE 100 
 

Unilever, one of the U.K.'s biggest companies, looks set to leave the the coutnry's blue chip FTSE 100 index after consolidating its legal structure in the Netherlands.

 
Size Becomes a Handicap for Global Food Giants 
 

Investors like Nestlé, Unilever and Danone for their sales in emerging markets, but size and complexity will make it hard for them to adapt to the food industry's new trends.

 
U.S. Airlines Aren't Complying With Beijing's Demand They Call Taiwan Part of China 
 

Most of the world's airlines have bowed to Chinese demands to refer to Taiwan as part of China, but the three main U.S. international carriers and a handful of others have so far refused, in the thick of backlash against Beijing's insistence on conformity with its geopolitical views. They look to be taking their cue from the U.S. government.

 
Chicago Picks Musk's Boring Co. for O'Hare Express Service 
 

Elon Musk's Boring Co. was picked to finance and build an express train from the downtown Loop neighborhood to Chicago's O'Hare International Airport.

 
Lehman Settles $1.2 Billion Derivatives Fight With Credit Suisse 
 

The remnant of Lehman Brothers has settled a $1.2 billion derivatives lawsuit with Credit Suisse, wrapping up one of the last remaining big legal battles involving the failed investment bank.

 
Volkswagen Fined $1.17 Billion in Germany in Emissions-Cheating Scandal 
 

German prosecutors described the penalty as one of the highest ever levied on a German company.

 
AT&T's Time Warner Prize-A Load of Hollywood Headaches 
 

The telecom giant's legal odyssey may soon seem like a breeze compared to delivering on the promise of the $80 billion deal. A major challenge will be integrating a staid phone company with an entertainment behemoth filled with larger-than-life personalities.

 
Comcast's Big Bid Shouldn't Distract From Regulatory Risks 
 

The approval of the AT&T-Time Warner deal doesn't mean Comcast-Fox would pass muster too, which gives Disney an advantage.

(END) Dow Jones Newswires

June 14, 2018 07:15 ET (11:15 GMT)

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