Huawei Cancels Launch of New Laptop as U.S. Restrictions Sting
China's Huawei Technologies canceled the launch of a new laptop and paused production at its personal-computer business due to restrictions on buying American components.
China Brokerage's $2 Billion Offering Kick-Starts London Stock Link
Chinese brokerage Huatai Securities plans to raise as much as $2 billion selling London-listed share-backed instruments this week, reviving the postponed Shanghai-London Stock Connect program.
Deutsche Bank Warns Clients They Could Be Cut Off in Compliance Effort
Deutsche Bank has given around 1,000 investment-banking clients a month or less to hand over company-ownership information and other documentation in the bank's protracted effort to close compliance gaps.
KKR to Buy Axel Springer for EUR6.8B
KKR has agreed to buy German media group Axel Springer, offering shareholders EUR63 a share.
Inditex Ups Sales Forecast as Profits Rise
Spanish fashion giant Inditex posted a 10% rise in first-quarter net profit and raised its forecast for annual sales growth.
France's Renault Role Limits Auto Maker's Boss
In declining to back Fiat Chrysler's plan to merge with Renault, the French government risks weakening its chief negotiator in any future talks, Renault Chairman Jean-Dominique Senard.
Facebook Finds Itself on Receiving End of Fake Video
An altered video of CEO Mark Zuckerberg has surfaced on the social-media company's Instagram app, where he appears to question his company's data practices.
Tesla Shareholders Reject Corporate-Governance Measures
Tesla failed to pass corporate governance changes at the electric-car maker that its directors had proposed to give stockholders a greater voice in company matters.
99 Cents Only Stores Strikes Deal With Sponsors, Creditors
Private-equity owners Ares Management Corp. and the Canada Pension Plan Investment Board have engineered two debt restructuring pacts in as many years for the discount retailer they purchased in 2012.
Ackman Opposes United Technologies-Raytheon Deal
William Ackman, a big United Technologies shareholder who earlier pushed the industrial giant to streamline its business, is now urging the company to call off its planned megamerger with Raytheon, which he says makes no strategic sense.
(END) Dow Jones Newswires
June 12, 2019 03:00 ET (07:00 GMT)
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