What's News: Business & Finance -- WSJ
June 12 2019 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (June 12, 2019).
A group of state attorneys general sued to block the proposed
merger of T-Mobile US and Sprint, an unusual challenge that comes
as federal officials are still reviewing the deal.
Wells Fargo is having trouble getting top bankers interested in
its open chief executive officer job.
The proposed United Technologies-Raytheon merger underscores a
spate of deal making spurred by the changing defense landscape.
Activist investor Ackman, a big United Technologies shareholder,
is urging the firm to call off the deal.
Foxconn said it is ready to shift production for Apple out of
China if necessary, trying to assuage investor concerns over trade
tensions.
The DOJ's top antitrust official said that he would act to
protect competition in the digital marketplace.
Amazon is shutting its restaurant delivery service in the U.S.,
putting an end to a four-year experiment.
Tesla failed to pass corporate-governance changes at the
electric-car maker that its directors had proposed.
Deutsche Bank has told around 1,000 clients to hand over
information as part of its compliance push.
U.S. stocks ticked slightly lower, with all three major indexes
registering declines of less than 0.1%.
The EU blocked the planned merger of the European steel
businesses of Tata and Thyssenkrupp.
(END) Dow Jones Newswires
June 12, 2019 02:47 ET (06:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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