News Highlights : Top Company News of the Day
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.