News Highlights: Top Company News of the Day
25 June 2019 - 2:30AM
Dow Jones News
Facebook's Clegg Fires Back at Apple's Cook
A senior Facebook executive, Nick Clegg, took a veiled shot at
Apple, continuing the sniping between the tech giants as their
business models are under increasing scrutiny from global
regulators.
Toronto Officials Question Alphabet Unit's Ambitions for 'Smart City'
A unit of Alphabet said its proposed "smart city" in a Toronto
neighborhood would create thousands of jobs and cut greenhouse-gas
emissions, but met some resistance from the project's government
sponsor over the scope.
Ann Sarnoff Is Named Chief Executive of Warner Bros.
WarnerMedia has tapped BBC Studios-Americas President Ann
Sarnoff to become chief executive of Warner Bros. She will be the
first woman to lead the iconic movie and television studio.
Icahn's Caesars Bet Was Smart, Not Just Lucky
Carl Icahn's bet on Caesars Entertainment already looks to be
paying off.
Eldorado Resorts to Buy Caesars in $8.58 Billion Casino Deal
Eldorado Resorts agreed to acquire Caesars Entertainment in a
cash-and-stock transaction valued at $8.58 billion, in a move that
would create one of the largest gambling companies in the U.S.
U.S. Airlines, After Rebuilding Home Networks, Look to Expand Overseas
U.S. carriers, after years of ceding market share to rivals and
international partners on overseas flights, are adding more than a
dozen new routes and increasing capacity to destinations like South
Africa, India and Croatia.
Antitrust Concerns Delay Bristol-Myers' $74 Billion Merger With Celgene
Bristol-Myers Squibb said its $74 billion merger with Celgene
would be delayed as the company works to allay concerns of
regulators by selling off Otezla, Celgene's anti-inflammatory
drug.
Ghosn's Lawyers Push for Reason Why Nissan's Saikawa Wasn't Charged
Carlos Ghosn's defense team challenged Japanese prosecutors to
explain why they didn't charge Nissan Motor CEO Hiroto Saikawa over
allegations the auto maker failed to report Mr. Ghosn's
compensation properly.
FBI Probes Whether Lab Startup uBiome Used Improper Billing Codes
The FBI is examining whether lab-testing startup uBiome used
improper billing codes in claims and sought payment for unnecessary
tests, tactics that could have inappropriately enriched the
company.
Google's Enemies Gear Up to Make Antitrust Case
As U.S. officials prepare an antitrust probe of Google and
possibly other Silicon Valley giants, a loose-knit crew of its
rivals is gearing up to help.
(END) Dow Jones Newswires
June 24, 2019 21:15 ET (01:15 GMT)
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