News Highlights: Top Company News of the Day

Date : 07/12/2019 @ 6:15AM
Source : Dow Jones News

News Highlights: Top Company News of the Day

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.

Fosun Tourism Group Considering Proposal to Recapitalize Thomas Cook 

Fosun Tourism Group and Thomas Cook Group's major creditors are considering a proposal to recapitalize the U.K. travel company. Thomas Cook is hoping to receive an injection of $939 million of new money.

Singapore Co-Working Space Provider JustCo Seeks to Raise $500 Million 

Asian office space provider JustCo is planning to raise about $500 million next quarter and expects existing investors to participate in its new funding round, the Singapore-based firm's chief said.

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.

Trump's 'Social Media Summit' Airs Grievances Against Big Tech 

President Trump used a "Social Media Summit" at the White House to bond with some of his most provocative supporters over shared grievances against large technology companies whose representatives weren't invited.


(END) Dow Jones Newswires

July 12, 2019 01:00 ET (05:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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