News Highlights: Top Company News of the Day
14 June 2019 - 2:30PM
Dow Jones News
Bayer to Invest Billions in Weedkillers in Wake of Roundup Controversy
Bayer plans to invest $5.64 billion on developing new ways to
combat weeds over the next decade, as the German chemicals giant
seeks to win back trust in its business in the wake of thousands of
lawsuits alleging its Roundup herbicide causes cancer.
Volkswagen's Truck Unit IPO Signals Broader Restructuring
Volkswagen has valued its heavy-truck business at about $18.6
billion in an initial stock offering set for later this month, the
first step in Chief Executive Herbert Diess's plans to overhaul the
sprawling automotive group.
Sony CEO's Choice: Stay Together or Bend to Loeb's Breakup Push
The latest push by investor Daniel Loeb to break up Sony
presents a dilemma for Chief Executive Kenichiro Yoshida, who is
generally sympathetic to Wall Street's thinking but wants to keep
his conglomerate intact.
Facebook to Boost Consumer Advertising
Facebook may more than double its global advertising spending as
it aims to rebuild trust after a series of privacy missteps and
other controversies dented the social-networking giant's
reputation.
Snap Hunts for Global Growth-but It Isn't Obsessing Over User Numbers
Snap's future looks more global than the company's current
dominance among U.S. teens and early 20-somethings, a senior
executive said.
Huawei Postpones Launch of Mate X Foldable Phone
The Chinese tech giant is postponing the sale of the $2,600 Mate
X, in part to improve the quality of the phone's folding
screen.
Bayer to Invest EUR5B in Alternative Weed-Killers
Bayer plans to invest about EUR5 billion over the next decade to
develop more weed-killers, as it continues to face litigation over
its Roundup product.
Uber's IPO Was Just a Bump in the Road, Top Executive Says
Uber staff remain focused on global expansion following last
month's initial public offering, said Brooks Entwistle, the
company's chief international business officer.
UBS Economist's 'Chinese Pig' Comment Hits a Nerve
An errant comment from a London-based economist at UBS Group has
sparked furor among Chinese securities professionals-even after he
apologized.
Swiss Re's ReAssure Confirms London Listing Plans
Swiss Re subsidiary ReAssure confirmed it intends to list on the
main market of the London Stock Exchange next month.
(END) Dow Jones Newswires
June 14, 2019 09:15 ET (13:15 GMT)
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