News Highlights : Top Company News of the Day

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07/12/2019 | 09:15 am


Daimler Shares Dented After Latest Warning



Shares in Daimler fell after the car maker issued its second profit warning in less than three weeks and reported a steep loss for the second quarter.




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.




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.




WPP Sells 60% of Kantar to Bain Capital



WPP has agreed to sell a 60% stake in its Kantar market-research unit to Bain Capital for around $3.1 billion, and said it plans to return $1.25 billion of the proceeds to shareholders.




Thomas Cook Close to Fosun Cash Injection



and major creditors are considering a proposal to recapitalize the U.K. travel company with a GBP750 million cash injection.




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.






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