Facebook Unveils Libra, Cryptocurrency Rival to Bitcoin 
 

Facebook formally announced plans to launch a cryptocurrency called Libra, promising a secure blockchain-based payment system backed by hard assets and designed for mainstream users.

 
Boeing Ends Order Drought Triggered by 737 MAX Crisis 
 

Boeing ended a two-month drought of orders for its airliners in the wake of the grounding of its 737 MAX fleet, by securing a commitment from Korean Air to buy a number of 787 Dreamliners.

 
Deutsche Bank Senior European Equities Banker Edward Sankey to Leave 
 

Senior Deutsche Bank banker Edward Sankey is leaving after almost 15 years, as planned cuts to the lender's beleaguered equities business and the broader investment bank take a toll.

 
Apple Looks Willing to Help Struggling iPhone-Display Maker 
 

Japan Display, which makes liquid-crystal display panels for the iPhone XR, is running out of cash owing to weaker-than-expected sales of the handset, and an investor group's bailout package of more than $700 million was thrown into limbo this week.

 
Cerberus Hunts for Yield in Mongolia 
 

New York-based Cerberus Capital Management is in talks to make its first investment in Mongolia as part of a broader push into the world's riskiest markets.

 
McKinsey Says Disclosure Payout Could Benefit Its Employees 
 

Some of the $15 million McKinsey is paying to resolve allegations of inadequate conflict-of-interest disclosures in large corporate bankruptcies could end up in the pockets of the firm's own employees because of its extensive investment holdings.

 
Sports Illustrated Operating Rights Sold 
 

Authentic Brands and Maven are pursuing discussions with Meredith for it to continue to operate certain aspects of the Sports Illustrated business, but the deal isn't contingent on reaching an agreement with Meredith.

 
Target Outages Illustrate Retail's Growing Tech Complexity 
 

The technical problems at Target stores over the weekend illustrate the challenge of unifying a large retailer's technology infrastructure with its bricks-and-mortar presence and underscore the importance of having trusted vendors and backup plans.

 
Big Advertisers and Social Media Form Alliance to Fight 'Unsafe' Content Online 
 

The companies said the effort, called the Global Alliance for Responsible Media and announced during the ad industry's annual Cannes Lions festival, will develop specific steps to protect both people and brands from what marketers call "unsafe" content

 
FAA Seeks to Enable Return of Supersonic Passenger Aircraft 
 

The agency aims to eliminate regulatory hurdles that effectively have stymied a number of startups and established aerospace companies from testing new commercial supersonic designs in U.S. airspace.

(END) Dow Jones Newswires

June 18, 2019 07:00 ET (11:00 GMT)