Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

PRESS DIGEST -Wall Street Journal - June 13

Published 2018-06-13, 12:43 a/m
© Reuters.  PRESS DIGEST -Wall Street Journal - June 13
T
-
AZN
-
TWX
-
HG
-
GLEN
-
TSLA
-
KAT
-

June 13 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- A federal judge ruled that AT&T Inc (NYSE:T) T.N can proceed with its blockbuster acquisition of Time Warner Inc (NYSE:TWX) TWX.N , without any conditions, marking a historic defeat for the Justice Department that could rewrite the media landscape and set the stage for other deals. https://on.wsj.com/2y3JZDG

- Tesla Inc TSLA.O on Tuesday said it will cut about 9 percent of its workforce in an effort to deliver its first profit during a make-or-break period of building a mass-market electric car. https://on.wsj.com/2y442BV

- Swiss mining giant Glencore PLC GLEN.L unveiled a sweeping $5.6 billion restructuring of its troubled Congo copper company, Katanga Mining Ltd KAT.TO , resolving a heated dispute with Congo's state-run mining company about a massive debt load it has built up over the past decade. https://on.wsj.com/2t49Vcr

- Guess? Inc GES.N co-founder Paul Marciano has resigned as executive chairman and will leave the company next year after an internal investigation determined he exercised "poor judgment" in some situations involving models and photographers. https://on.wsj.com/2y6XKBh

- AstraZeneca PLC AZN.L and Eli Lilly & Co LLY.N on Tuesday scrapped two late-stage trials of an experimental Alzheimer's drug they were co-developing, the latest blow in the long quest to find a breakthrough for the memory-robbing disorder. https://on.wsj.com/2t4IDTd

- The Seattle City Council voted to repeal a newly passed per-employee tax on big companies designed to raise funds for homeless services, a surprise move that came after fierce opposition from the business community and growing public debate. https://on.wsj.com/2y7Q2qx

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.