News Highlights: Top Company News of the Day
21 June 2018 - 10:30AM
Dow Jones News
Daimler Issues Profit Warning as Chinese Tariffs Hit U.S.-Built SUVs
Daimler issued a surprise profit warning, saying Chinese
retaliatory import duties on vehicles built in the U.S. would hit
sales and profits of the SUVs it builds at its Alabama factory.
Deutsche Bank to Pay $205 Million in N.Y. Currency-Trading Probe
New York's financial-services regulator said it fined Deutsche
Bank $205 million over allegations it sought to manipulate currency
prices and mislead clients.
Disney Sweetens Deal for Fox Assets, Topping Comcast Bid
Disney raised its offer to purchase most of 21st Century Fox to
more than $70 billion in cash and stock, topping an unsolicited
offer from rival Comcast.
Abraaj to Sell Some Fund-Management Businesses to Colony Capital
Troubled private-equity firm Abraaj Group said it agreed to sell
its Latin America, Sub Saharan Africa, North Africa and Turkey
funds-management business to Colony Capital. Financial terms
weren't disclosed.
To Ease U.S. Concerns, Chinese Shipper Offers to Put California Terminal in a Trust
Chinese state-run shipping firm Cosco has offered to put a large
container terminal in Long Beach, Calif., in a U.S.-run trust to
allay U.S. national-security concerns about Chinese ownership of
the facility.
Carlyle Raises $6.55 Billion for Fifth Asia Buyout Fund
Carlyle Group closed the new fund-aimed at investing in
technology, consumer and other sectors across the Asia-Pacific
region-after it surpassed its target of $5 billion.
DOT Watchdog Reviews FAA Oversight of Southwest Airlines
The Transportation Department's inspector general is examining
whether federal aviation inspectors have done enough to ensure
safety in policing operations of Southwest Airlines.
Cushman & Wakefield Files for IPO
Real estate services firm Cushman & Wakefield filed
preliminary plans for an initial public offering, hoping to cash in
on the nine-year bull market in the commercial real-estate
industry.
Technology Provider for Clinical Trials Puts Itself On the Block
CRF Health Inc., which enables electronic assessments for trial
participants, has retained investment bank Jefferies LLC to explore
a potential sale.
Smith & Wesson Parent Company Sees Another Year of Falling Sales
Smith & Wesson parent company American Outdoor Brands plans
to lower ad spending and firearms production to address what's
expected to be at least another year of falling gun sales.
(END) Dow Jones Newswires
June 21, 2018 05:15 ET (09:15 GMT)
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