News Highlights: Top Equities Stories of the Day
June 30 2016 - 9:15PM
Dow Jones News
Zenefits Investors Cut Valuation by Half - Update
Embattled health-benefits broker Zenefits on Thursday said it
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. (published 0041
GMT)
Jury Says Oracle Should Pay $3 Billion in Damages to Hewlett Packard Enterprise
the full amount it sought (published 0027 GMT)
Nearly Half of Williams Directors Resign After Failed Deal -- Update
Nearly half of Williams Cos. board members quit Thursday after
they failed to oust the company's chief executive following its
collapsed merger deal with rival pipeline operator Energy Transfer
Equity LP, according to people familiar with the matter. (published
2357 GMT Thursday)
Google Makes Slow Progress in Diversifying Its Workforce
Google made slow progress last year in its mission to diversify
its workforce, which is largely made up of white and Asian men.
(published 2354 GMT Thursday)
For Tesla and CEO Elon Musk, a Tough Month
Tesla Motors Inc. and Chief Executive Elon Musk have encountered
a rough road in June, capped by a regulators' disclosure late
Thursday that the electric car maker's autopilot feature is linked
to a death in Florida. (published 2351 GMT Thursday)
Apple in Talks to Acquire Tidal, Jay Z's Streaming-Music Service -- 2nd Update
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. (published 2350 GMT Thursday)
Malaysia Delegation in Abu Dhabi for Talks to Resolve Dispute
The two government investment funds at the heart of a Malaysian
financial scandal are disappearing as the two sides try to put the
situation behind them even as they battle over billions of dollars
that have gone missing. (published 2331 GMT Thursday)
CVS Agrees to $3.5 Million Settlement Linked to Fake Prescriptions -- Update
Federal prosecutors in Massachusetts said Thursday that CVS
Pharmacy Inc. has agreed to pay $3.5 million to settle allegations
that 50 of its stores in the state and New Hampshire filled
hundreds of fake prescriptions over a three-year period for
addictive pain killers and other controlled substances. (published
2257 GMT Thursday)
China Fishery Group Files for Bankruptcy Protection in U.S. -- Update
China Fishery Group Ltd. on Thursday filed for chapter 11
bankruptcy protection in New York. (published 2247 GMT
Thursday)
Hertz Gets $2 Billion From Equipment-Rental Spinoff, Will Fund Buyback
Hertz Global Holdings Inc. raised $2 billion from the spinoff of
its equipment-rental business and said it would use $395 million to
buy back stock. (published 2227 GMT Thursday)
New Balance Signs Runner Boris Berian Following Nike Contract Dispute
New Balance Athletic Inc. is signing U.S. Olympic hopeful Boris
Berian to an endorsement contract, less than a week after rival
Nike Inc. dropped its lawsuit against the runner. (published 2226
GMT Thursday)
C&J Energy's Lenders Agree to $1.4 Billion Debt-to-Equity Swap
C&J Energy Services Ltd. has reached an agreement in
principle with lenders on a debt-to-equity swap of about $1.4
billion. (published 2223 GMT Thursday)
(END) Dow Jones Newswires
June 30, 2016 21:00 ET (01:00 GMT)
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