News Highlights : Top Company News of the Day

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06/12/2019 | 09:15 pm


Truist Financial Is New Name for Combined BB&T, SunTrust



The lenders will relocate to Charlotte, N.C., upon completion of their merger, the sector's biggest since the financial crisis.




Walmart Shares Zip Past Amazon.com



Shares of the big-box retailer have outperformed those of its online-focused rival in June and the second quarter.




Renault Chairman Defends Attempt to Merge With Fiat Chrysler



Renault Chairman Dominique Senard defended his attempt to merge the company with Fiat Chrysler, saying it would have built a European car maker with the scale to compete with the growing power of Chinese auto makers.




Cybersecurity Firm CrowdStrike Soars in Wall Street Debut



The cybersecurity specialist's shares leapt more than 80% above their IPO price in their Wall Street debut, valuing the company above $12 billion.




Huawei Presses Verizon to Pay for Patents



Huawei Technologies has told Verizon Communications that the carrier should pay licensing fees for more than 200 of its patents, further escalating tensions between the Chinese company and the U.S.




Facebook Emails Suggest Zuckerberg Knew of Problematic Privacy Practices



Facebook uncovered emails that appear to show CEO Mark Zuckerberg's connection to potentially problematic privacy practices at the company.




'Fortnite' Maker Epic Games Scoops Up Houseparty App



The maker of 'Fortnite' has acquired the video-chat app Houseparty, uniting two tech properties that seize on teenagers' affinity for socializing in intimate groups online.




Bill Daley, Ex-Obama Chief of Staff, Is Going Back to Wall Street



Bank of New York Mellon names Bill Daley, the former White House chief of staff who spent seven years at JPMorgan, as its vice chairman.




Ford to Repair Suspension Problem on 2011-2017 Explorers



Ford Motor Co. said it was issuing a notice to correct a suspension problem in certain model-year 2011 through 2017 Explorer vehicles.




Huawei Pulls Laptop Launch 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.






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