News Highlights: Top Company News of the Day

Features Dow Jones Newswires

The Rising Stakes for Tesla in China

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Elon Musk hasn't said much in presentations or earnings calls about the China strategy, a glaring omission given China's increasing importance.

Lotte Seeks Up to $1.4 Billion With Malaysia IPO of Petrochemical Unit

South Korea's fifth-largest conglomerate plans to take orders next week for an initial public offering of its Malaysian petrochemical unit that could raise up to $1.4 billion.

Tesla CEO Signals New Factory for Model Y SUV

Tesla hasn't yet rolled out its new Model 3 sedan, but CEO Elon Musk is already talking about plans to build a new factory for the electric-car maker's next sport-utility vehicle, the Model Y.

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KKR Makes $1.6 Billion Bid for Vocus Communications

Private-equity firm KKR & Co. has pitched a takeover offer for the Australian telecommunications company valued at more than $1.6 billion.

Macy's Remarks Spark Selloff

Macy's met with investors to lay out its strategy. Instead, the department-store chain set off a new panic over the beleaguered retail sector.

Uber Fires More Than 20 Workers in Harassment Investigation

Uber has fired more than 20 people as part of an investigation into claims of sexual harassment and sexism.

Apple's New Big Bet: Augmented Reality

Apple Inc. set its sights on a new target: becoming the world's largest platform for augmented reality.

Anthem Exit From Ohio ACA Exchange Ups Ante for GOP

Anthem said it will pull out of the health-insurance exchange in Ohio next year, leaving a second region of the country poised to have no marketplace options under the Affordable Care Act and increasing pressure on Republicans as they seek to replace it.

Pinterest Raises $150 Million at Two-Year-Old Share Price

Pinterest one of the most highly valued startups, has raised another $150 million in funding as the image-search company continues to tap private investors to support its growth.

Bebe Avoids Bankruptcy Filing With Real-Estate Deals

Bebe Stores has done what few other retailers have been able to do recently-close all of its stores without seeking bankruptcy protection.

(END) Dow Jones Newswires

June 07, 2017 01:15 ET (05:15 GMT)