News Highlights: Top Company News of the Day
June 13 2018 - 9:30PM
Dow Jones News
Apple Tests Feature That Could Hamper Access to iPhones
Apple is working on a new security feature that could make it
harder for investigators to retrieve data from iPhones, the latest
twist in its long-running standoff with law-enforcement agencies
over user privacy.
Apple's New App-Privacy Rules Expose Past Loopholes
Apple is trying to enforce new privacy policies across its vast
network of iPhone and iPad apps-and in the process is exposing
longstanding gaps that left users' data vulnerable to abuse.
With Time Warner Deal, AT&T Bulks Up on Content-and Debt
AT&T Inc.'s $85 billion purchase of Time Warner Inc. is on
track to go down as one of the largest acquisitions in history, but
the deal will be dwarfed by an even larger figure: the combined
company's approximately $181 billion debt load.
Hundreds of Millions in Fees at Stake in Media Merger Frenzy
Bankers advising AT&T and Time Warner breathed a sigh of
relief after a judge blessed the companies' union Tuesday. That's
because M&A advisers typically only get their considerable fees
if a deal closes.
AT&T Beat the Government Over Time Warner-Now Comes the Hard Part
The telecom giant's legal odyssey may soon seem like a breeze
compared to delivering on the promise of the $80 billion deal. A
major challenge will be integrating a staid phone company with an
entertainment behemoth filled with larger-than-life
personalities.
Madoff Feeder Fund Strikes $280 Million Trustee Settlement
The trustee unwinding Bernard L. Madoff's fraud struck a deal
with financier J. Ezra Merkin to return gains from Mr. Madoff's
Ponzi scheme to other victims.
$65 Billion Comcast Bid for Fox Assets Sets Off Disney Fight
Comcast made an unsolicited offer to buy most of 21st Century
Fox for roughly $65 billion, kicking off a bidding war with Walt
Disney as the two media titans jockey for position in a business
undergoing tumultuous change.
Comcast's Big Bid Shouldn't Distract From Regulatory Risks
The approval of the AT&T-Time Warner deal doesn't mean
Comcast-Fox would pass muster too, which gives Disney an
advantage.
Lehman Settles $1.2 Billion Derivatives Fight With Credit Suisse
The remnant of Lehman Brothers Holdings Inc. has settled a $1.2
billion derivatives lawsuit with Credit Suisse Group AG, wrapping
up one of the last remaining big legal battles involving the failed
investment bank.
WeWork in Talks With SoftBank to Double Valuation to as Much as $40 Billion
SoftBank Group Corp. is in discussions to invest another giant
slug of capital in WeWork Cos., with a potential deal that would
value the shared-office company at $35 billion to $40 billion,
people familiar with the matter said.
(END) Dow Jones Newswires
June 13, 2018 21:15 ET (01:15 GMT)
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