News Highlights: Top Company News of the Day
24 July 2017 - 2:30PM
Dow Jones News
KKR to Buy WebMD in $2.8 Billion Deal
KKR has reached a deal to buy WebMD Health Corp. for $2.8
billion. The New York-based health-information provider had been
running an auction after publicly putting itself in play earlier
this year.
Samsung Releases Lower-Cost Alternative to J&J's Drug Remicade
South Korea's Samsung conglomerate, best known for its
smartphones and televisions, will make available on Monday in the
U.S. its lower-price copy of Johnson & Johnson's blockbuster
rheumatoid-arthritis drug Remicade
Apple Supplier Foxconn Looks at Producing Display Panels in Wisconsin
Taiwan's Foxconn Technology Group, which assembles Apple's
iPhones, is nearing a decision to invest in Wisconsin and could
hold an event in Washington, D.C., as soon as this week to discuss
U.S. investment plans.
Alphabet Earnings: What to Watch
Google parent Alphabet Inc. is scheduled to announce
second-quarter earnings after the market closes Monday. Here's what
you need to know.
Uber Rival Grab's Fundraising Values It at $6 Billion
Singapore-based ride-hailing firm GrabTaxi is raising $2.5
billion in Southeast Asia's largest-ever round of startup
fundraising as it seeks to battle Uber.
Expedia, Priceline Home In on Airbnb's Turf
As the vacation-rental industry rapidly expands as a popular
alternative to hotel stays, Expedia and Priceline are betting big
on the sector by boosting their inventory of home-rental options
that can be booked similarly to a hotel, with just a few
clicks.
BMW Denies VW Claims of Possible Coordination by German Car Makers
Germany's largest car maker has asked Europe's antitrust
watchdog to scrutinize decades of coordination efforts by the
country's main auto manufacturers amid growing concern they might
have breached antitrust regulations.
Ryanair Profit Soared 55% in Latest Quarter, Topping Expectations
Ryanair, Europe's largest airline by passenger numbers, said net
profit rose 55% in its fiscal first quarter, bolstered by strong
ticket prices-but warned that overcapacity will continue to
pressure fares.
Cloud Wars at the Right Price
The cloud computing business is growing, and revenue is building
even without the draw of price cuts.
Boeing, Flying High, Stays the Course on Job Cuts
Boeing pressed forward with an efficiency push, cutting 6,000
staff, or 4% of its workforce in the first half, its fastest pace
in a decade, as its stock hit new records.
(END) Dow Jones Newswires
July 24, 2017 09:15 ET (13:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.