News Highlights: Top Company News of the Day

Features Dow Jones Newswires

SoftBank to Buy Two Pioneers in Advanced Robots From Alphabet

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SoftBank said it would buy Alphabet's Boston Dynamics and Schaft, two pioneers in advanced robots, as the Japanese company pushes into smart robotics technologies.

Ford Offering Buyouts to About 15,000 Workers

Ford is offering buyout packages to about 15,000 salaried workers in North America and Asia in a cost-saving move that's aimed at boosting profits amid slowing sales in the U.S. and China.

Kakao to Launch Voice-Activated AI Services in Third Quarter

Kakao, owner of the South Korean messaging app, will unveil artificial-intelligence services triggered by voice activation in the third quarter of this year, Chief Executive Rim Ji-hoon said.

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Yuri Milner: Online Spending Will Fuel World-Wide Growth

Massive growth in online spending will help fuel world-wide growth in the technology sector in the next decade, Yuri Milner, founder of DST Global, said at The Wall Street Journal's D.Live Asia 2017 conference.

Saks Owner Hudson's Bay to Cut About 2,000 Jobs

Hudson's Bay Co., owner of Saks Fifth Avenue and Lord & Taylor, said it would eliminate about 2,000 positions as part of restructuring efforts, the latest sign of deepening distress in the retail sector.

Airbus CEO Braces for Protracted Fraud Probes

The chief executive of European plane maker Airbus SE is bracing for prolonged investigations by government antifraud authorities before various probes are completed even as the company has stepped up efforts to enhance compliance procedures.

FDA Pushes to Get Endo's Opana ER Opioid Off the Market

The FDA asked Endo Pharmaceuticals to remove its Opana ER from the market, citing links to drug abuse, in what the agency called its first effort to halt sales of an opioid pain drug.

A Dimon Heir Will Leave J.P. Morgan

J.P. Morgan said Matthew Zames, its chief operating officer who was once seen as a possible successor to CEO James Dimon, is leaving the bank.

Verizon to Cut 2,100 Jobs at Yahoo, AOL After Merger

About 2,100 people will lose their jobs at Yahoo and AOL after Verizon completes its acquisition of Yahoo and combines the two onetime internet rivals.

Al Jazeera Says Websites, Digital Platforms Under Attempted Cyberattack

Qatari media network Al Jazeera said hackers were attempting to compromise its websites and digital platforms, just days after Persian Gulf rivals cut diplomatic ties with the country.

(END) Dow Jones Newswires

June 08, 2017 23:15 ET (03:15 GMT)