News Highlights: Top Company News of the Day
June 19 2017 - 7:31AM
Dow Jones News
GE Plans $2 Billion Joint Venture to Build Its Jet-Leasing Business
General Electric plans to resume growing its aircraft-leasing
business, ordering more jets and sealing a joint venture with a
Canadian company that will allow it to do additional business with
fast-growing airlines in Asia.
Boeing Launches New Plane as Rivalry With Airbus Continues
Boeing formally launched a new version of its single-aisle
jetliner to regain market share lost to rival Airbus.
Amazon Deal for Whole Foods Unites Maverick CEOs
Amazon's planned $13.7 billion acquisition of Whole Foods unites
two maverick businessmen who will now have to blend very distinct
approaches to make the deal a success.
Activist Land & Buildings Takes 4.3% Stake in Hudson's Bay
Investor Land & Buildings is pushing Saks' parent Hudson's
Bay to consider strategic alternatives, including possibly taking
the company private or redeveloping its vast real-estate
holdings.
GM's Cruise Automation Wades Into HD Mapping to Aid Autonomous-Car Efforts
A small autonomous-cars company owned by General Motors Co. is
getting into the high-definition mapping business, a move that
could help the Detroit auto giant compete with Google and others in
the race to develop self-driving vehicles.
Google Faces Record EU Antitrust Fine
The European Union's antitrust watchdog in the coming weeks is
set to hit Alphabet's Google with a record fine for manipulating
its search results to favor its own comparison-shopping service,
according to people familiar with the matter.
China's Internet Giants Dominate Local Digital-Ad Market
China is home to some of the world's largest digital-ad players,
mostly because they have a stranglehold on the world's
second-biggest market, where their Western rivals are pretty much
absent.
Plane Makers Tout Busy Production Schedules as New Orders Slow
Boeing and Airbus have seen a slowdown in new orders for large
aircraft. But at the Paris Air Show, which kicks off Monday, they
are stressing that a years-long backlog will keep production lines
busy and cash flowing in.
Boeing Considers Spreading Wings With New Plane
The company's commercial plane chief said it is studying the
existing market gap between single- and twin-aisle aircraft, though
time is needed to 'do it right.'
Air-Safety Authorities Focus on Wake as Bigger Jets Fly Closer Together
European aviation authorities will issue a safety warning to
airline pilots about turbulence generated by other aircraft at high
altitude, an issue becoming more common as jetliners grow ever
larger and fly closer together.
(END) Dow Jones Newswires
June 19, 2017 07:16 ET (11:16 GMT)
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