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News Highlights: Top Company News of the Day

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06/14/2019 | 07:16am EDT
Sony CEO's Choice: Stay Together or Bend to Loeb's Breakup Push 

The latest push by investor Daniel Loeb to break up Sony presents a dilemma for Chief Executive Kenichiro Yoshida, who is generally sympathetic to Wall Street's thinking but wants to keep his conglomerate intact.

Facebook to Boost Consumer Advertising 

Facebook may more than double its global advertising spending as it aims to rebuild trust after a series of privacy missteps and other controversies dented the social-networking giant's reputation.

Huawei Postpones Launch of Mate X Foldable Phone 

The Chinese technology giant is postponing the sale of the $2,600 Mate X, in part to improve the quality of the phone's folding screen.

Bayer to Invest EUR5B in Alternative Weed-Killers 

Bayer plans to invest about EUR5 billion over the next decade to develop more weed-killers, as it continues to face litigation over its Roundup product.

Uber's IPO Was Just a Bump in the Road, Top Executive Says 

Uber staff remain focused on global expansion following last month's initial public offering, said Brooks Entwistle, the company's chief international business officer.

UBS Economist's 'Chinese Pig' Comment Hits a Nerve 

An errant comment from a London-based economist at UBS Group has sparked furor among Chinese securities professionals-even after he apologized.

Swiss Re's ReAssure Confirms London Listing Plans 

Swiss Re subsidiary ReAssure confirmed it intends to list on the main market of the London Stock Exchange next month.

Volkswagen Plans IPO for Up to 15% 

Volkswagen will offer up to 15% of its truck unit Traton, marking a long-awaited step to begin chipping off divisions deemed unnecessary for maintaining its core business of building cars and offering new mobility services.

Facebook's New Cryptocurrency, Libra, Gets Big Backers 

Facebook has signed up more than a dozen companies including Visa, Mastercard, PayPal and Uber to back the cryptocurrency it plans to unveil next week.

KPMG to Pay as Much as $50 Million to Settle SEC Probe 

KPMG is preparing to pay as much as $50 million to settle civil claims related to the conduct of former partners who learned which of their audits would be subject to surprise regulatory examinations.

Stocks mentioned in the article
ChangeLast1st jan.
BAYER AG 1.34% 59.55 Delayed Quote.-1.67%
FACEBOOK -1.21% 198.36 Delayed Quote.51.32%
LONDON STOCK EXCHANGE -0.31% 5752 Delayed Quote.41.61%
MASTERCARD -0.43% 275.6 Delayed Quote.46.09%
PAYPAL HOLDINGS -1.03% 118.63 Delayed Quote.41.08%
PORSCHE HOLDING 0.10% 59.42 Delayed Quote.15.07%
SONY CORP 1.71% 5838 End-of-day quote.13.40%
SWISS RE -0.25% 96.78 Delayed Quote.7.66%
UBS GROUP -0.80% 11.825 Delayed Quote.-2.57%
VOLKSWAGEN AG 0.00% 151.46 Delayed Quote.9.03%
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