News Highlights: Top Equities Stories Of The Day
July 01 2016 - 8:53AM
Dow Jones News
EasyJet Takes Steps to Secure Non-British EU Operating Certification
British discount carrier easyJet said it had begun formal talks
to seek a license in another European Union country to preserve
traffic rights that are at risk after the U.K. voted to leave the
trading bloc.
Deutsche Bank's Jeff Urwin to Oversee Americas Operations
Deutsche Bank's global head of investment banking, Jeff Urwin,
is taking on expanded management-board duties, adding oversight of
all operations in the Americas region at the corporate level, the
German bank said in an internal employee memo.
Gran Tierra Energy to Buy PetroLatina for $525 Million
Oil and natural gas producer Gran Tierra Energy Inc. said Friday
it agreed to buy PetroLatina Energy Ltd. in a $525 million cash
deal, widening its reach in Colombia by adding what it called a
"prolific" production site to its portfolio.
Thor Industries to Buy Jayco
Recreational vehicle maker Thor Industries said that it agreed
to acquire smaller peer Jayco for roughly $576 million in cash,
expanding its offerings in towable RVs.
KaloBios Emerges from Bankruptcy, Buys Tropical Disease Drug
KaloBios Pharmaceuticals said that it had emerged from chapter
11 bankruptcy and had acquired the rights to buy a tropical disease
drug.
AstraZeneca Ends European Licensing Pact With Valeant
The British pharmaceutical giant says the Canadian drugmaker
will continue to lead development and marketing of psoriasis drug
brodalumab in the U.S.
LendingClub Fund Has Its Version of June Swoon
A fund managed by LendingClub that invests in the company's
online consumer loans expects to report its first-ever negative
month, according to investor documents reviewed by The Wall Street
Journal.
Tesla Draws Scrutiny After Autopilot Feature Linked to a Death
U.S. auto-safety regulators are investigating what is believed
to be the first fatal crash involving a Tesla Motors car that was
driving itself, ratcheting up scrutiny on a technology that has
been evolving with little oversight.
Nearly Half of Williams Directors Resign
Nearly half of the directors of Williams Cos. resigned Thursday
after they failed to oust the company's chief executive following
its collapsed merger with Energy Transfer Equity LP, according to
people familiar with the matter.
Bank of Portugal Receives Four Bids for Novo Banco
Portugal's central bank said Thursday that it received four bids
for Novo Banco SA, the good bank created out of the collapse of
Banco EspĂrito Santo SA.
Ryanair Eyes Bigger Share Buyback After Brexit Vote
Ryanair Holdings said it would seek shareholder approval to buy
back more of its shares to exploit any further market volatility
after Britain's decision to leave the European Union caused a sharp
drop in the value of the stock.
Jury: Oracle Should Pay $3 Billion to HP Enterprise
A jury in Silicon Valley on Thursday delivered a resounding
victory to Hewlett Packard Enterprise Co., finding that Oracle
Corp. should pay the computer maker $3 billion in damages-the full
amount it sought-for actions that contributed to the decline of a
once-lucrative line of high-end computers.
Apple in Talks to Acquire Jay Z's Tidal Music Service
Apple Inc. is in talks to acquire Tidal, a streaming-music
service run by rap mogul Jay Z, according to people familiar with
the matter.
Zenefits Hashes Out Deal With Investors, Cutting Valuation
Embattled health-benefits broker Zenefits struck a deal with
some investors to cut its valuation by more than half to $2
billion, giving them additional shares in exchange for releasing
the company of potential legal claims.
(END) Dow Jones Newswires
July 01, 2016 08:38 ET (12:38 GMT)
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