News Highlights: Top Company News of the Day

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06/12/2018 | 03:16 am
Sam Zell

Senators Move to Sink Trump's ZTE Deal

In a rare rebuke of President Donald Trump, Republican Senate leaders set up a vote for this week that would undo the White House deal to revive Chinese telecommunications company ZTE Corp.

McDonald's Shares Details of Restructuring Plan in New Memo

McDonald's is expected Tuesday to detail the changes to its structure in the U.S., which it says entails providing more resources to franchisees.

Sam Zell Apologizes For Using Lewd Comment to Refer to Women

Property magnate Sam Zell has apologized to the organizer of a real estate association conference for using a lewd term to refer to women, according to a newsletter emailed to members.

Abraaj Pushed to Restructure $1 Billion Debt

A large creditor of Abraaj Group wants a Cayman Islands court to oversee the debt restructuring of the private-equity firm, adding more legal pressure on a once-rising star of the Middle East investment world.

Elliott Management Pushes for Changes at Sempra Energy

Activist Elliott Management is hoping to strike a deal with the energy-services holding company and its CEO Jeff Martin to replace six board members and initiate a strategic review of the company.

United Flight to Chicago Diverted After Security Concern

A United Airlines flight from Rome to Chicago was diverted to an airport in Ireland after the crew learned of a potential security threat onboard, authorities said.

Microsoft Invests in Exclusive Games

Microsoft is investing in five videogame studios, moving to address a longtime criticism that its Xbox One console doesn't have enough exclusive games.

Japan Says Airbnb Had Plenty of Warning About New Law

The Japan Tourism Agency on Monday defended its handling of a new law that has led to thousands of Airbnb cancellations, saying the U.S. company had ample warning that unlicensed hosts wouldn't be permitted to operate starting Friday.

Dozens Arrested in Email Scam Aimed at U.S. Businesses

More than 70 people have been arrested in the U.S. and Nigeria and accused of participating in an email scam that has cost U.S. businesses hundreds of millions of dollars.

As Net Neutrality Ends, Activists Push Congress to Restore Obama-Era Rules

Democrats and internet activists marked the rollback of internet neutrality rules on Monday by pushing House lawmakers to restore the regulations, hoping to score both political and policy gains.

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