News Highlights: Top Company News of the Day
July 11 2019 - 11:15PM
Dow Jones News
Volkswagen to Invest in Ford's Self-Driving Car Unit
Volkswagen has agreed to invest around $2.6 billion in Ford's
autonomous-vehicle partner, Argo AI, in a deal that values the
startup at $7 billion.
News Corp's Retailer-Marketing Business Faces Monopoly Allegations
A News Corp competitor in developing in-store advertising claims
the company's News America Marketing unit has created a monopoly in
violation of a federal antitrust law.
Carlyle Raises $4.6 Billion in Fresh Capital Across Two Funds
The private-equity firm is broadening the mandate of two of its
core strategies with a new $2.4 billion fund devoted to credit
opportunities and a $2.2 billion vehicle for infrastructure
investing globally.
Illumina Stock Falls as Revenue Outlook Reduced
Shares of Illumina drop after the maker of gene-sequencing
machines lowers its revenue expectations over problems with its
direct-to-consumer business.
Head of Boeing's 737 MAX Program Retires
Eric Lindblad, 34-year veteran of the plane maker, ran the
embattled unit for less than a year.
Colgate to Acquire Skin-Care Business of Laboratoires Filorga Cosmetiques
Colgate-Palmolive will pay $1.69 billion for Filorga, an
antiaging skin-care brand focused primarily on facial care and sold
in over 60 countries.
PC Shipments Rise After Several Quarters of Decline
Personal-computer shipments rose in the second quarter for the
first time since last year, as businesses sought upgrades to
technology with new Windows 10 software and a shortage in
processors eased.
Accenture Picks Julie Sweet as Chief Executive
The board of consulting company Accenture PLC has named Julie
Sweet, the head of the company's operations in North America, as
its new chief executive.
Apple Pulls Watch App After Finding Eavesdropping Glitch
Apple has disabled the Walkie-Talkie app on Apple Watches after
finding a glitch that could allow a person to listen in on someone
else's iPhone call, the second eavesdropping flaw Apple has
addressed in recent months.
Protesters Disrupt Amazon Event Over Its Ties With ICE
Demonstrators disrupted an Amazon event in New York, voicing
opposition to the company's ties to entities that enforce the Trump
administration's crackdown on illegal immigration.
(END) Dow Jones Newswires
July 11, 2019 23:00 ET (03:00 GMT)
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