News Highlights: Top Company News of the Day

Date : 06/14/2018 @ 1:30AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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