News Highlights: Top Company News of the Day

Date : 12/06/2019 @ 10:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Huawei Pulls Laptop Launch Amid U.S. Restrictions 

China's Huawei Technologies canceled the launch of a new laptop and paused production at its personal-computer business due to restrictions on buying American components.

China Brokerage's $2 Billion Offering Kick-Starts London Stock Link 

Chinese brokerage Huatai Securities plans to raise as much as $2 billion selling London-listed share-backed instruments this week, reviving the postponed Shanghai-London Stock Connect program.

Deutsche Bank Warns Clients They Could Be Cut Off in Compliance Effort 

Deutsche Bank has given around 1,000 investment-banking clients a month or less to hand over company-ownership information and other documentation in the bank's protracted effort to close compliance gaps.

Dassault Buys Medidata in $5.8B Deal 

Dassault Systemes has agreed to buy U.S. technology group Medidata Solutions in an all-cash deal valued at $5.8 billion.

KKR to Buy Axel Springer for EUR6.8B 

KKR has agreed to buy German media group Axel Springer, offering shareholders EUR63 a share.

Durex Owner Names Pepsi Executive as CEO 

Reckitt Benckiser has tapped one of Pepsi's most senior people to be its new chief executive, as the owner of Durex condoms and Dettol cleaning products looks to revive growth after a challenging few years.

Inditex Ups Sales Forecast as Profits Rise 

Spanish fashion giant Inditex posted a 10% rise in first-quarter net profit and backed its forecast for annual sales growth.

Nintendo Moves Some Switch Production Out of China, Adapting to Tariff Threat 

Nintendo is shifting some production of its Switch videogame console to Southeast Asia from China to limit the impact of possible U.S. tariffs on Chinese-made electronics.

Renault's Boss Is Stymied by French Government 

Renault shareholders hold their first annual meeting since Jean-Dominique Senard was appointed chairman in January to succeed Carlos Ghosn. The French government, after declining to back Fiat Chrysler's merger plan, has risked weakening Mr. Senard in future negotiations.

Facebook Finds Itself on Receiving End of Fake Video 

An altered video of CEO Mark Zuckerberg has surfaced on the social-media company's Instagram app, where he appears to question his company's data practices.


(END) Dow Jones Newswires

June 12, 2019 05:15 ET (09:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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