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.

 
Private-Equity Giant Abraaj Files for Liquidation 
 

Abraaj, the emerging-markets private-equity firm under pressure from creditors and investors, said Thursday its Cayman Islands-based holding company filed for liquidation, in what could be one of the industry's largest-ever failures.

 
China's Costly Wars to Go Cashless 
 

As more Chinese leave their wallets at home, Alibaba and Tencent are reaching deeper into theirs to fund an increasingly arms race to dominate mobile payments.

 
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 country'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 Unbowed by Beijing's Demand to 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.

 
Grabbing an Uber? Now You Can Buy Your Own Insurance for the Ride 
 

Chubb Ltd. has teamed with a technology startup to sell insurance to passengers of ride-hailing services like Uber and Lyft to cover medical and other costs in the event of an accident.

 
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.

 
Royal Caribbean to Buy Controlling Stake in Silversea 
 

Royal Caribbean Cruises will acquire a roughly 67% stake in privately held Silversea Cruises for about $1 billion, the company said.

(END) Dow Jones Newswires

June 14, 2018 09:15 ET (13:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.