News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Google Slapped With $2.7 Billion EU Fine Over Search Results

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The European Union's antitrust regulator fined Alphabet's Google a record $2.71 billion for favoring its own comparison-shopping service in search results.

Nestle Plans $20.8 Billion Share Buyback Over the Next 3 Years

Nestle SA will buy back up to $2.08 billion of its shares through June 2020 and focus its investment spending on coffee, bottled water and other high-growth segments as the consumer giant faces intense investor pressure to deliver faster returns .

Wells Fargo to Sell Commercial Insurance Business to USI Insurance

Wells Fargo said Tuesday it would sell its commercial insurance businesses to privately-held USI Insurance Services.

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UPS to Freeze Pension Plans for Nonunion Staffers

United Parcel Service plans to freeze pensions for about 70,000 nonunion employees, seeking to contain the burden of its retirement fund's nearly $10 billion deficit.

Samsung Revives Galaxy Note 7 With New 'Fandom Edition'

A refurbished version of the premium smartphone, whose global recall last year garnered unwanted attention for Samsung after some caught fire, is coming to retailers' shelves on July 7 with different components under the name Galaxy Note 7 FE.

Health Insurers Uneasy With Senate's Approach to Continuous Coverage

Health-industry officials say it isn't clear how much an added provision they sought to Senate health bill will go toward helping insurance plans draw in the young, healthy enrollees insurers crave.

Jack Dorsey's Square Inc. May Soon Loan You Money

Square Inc., the technology company best known for processing payments for small merchants across the U.S., is now angling to lend to consumers, too.

Western Digital Offers New Proposal to Toshiba for Joint Business

Western Digital has submitted to Toshiba a new proposal to buy their joint-venture chip business, teaming up with U.S.-based private-equity company KKR.

Microsoft Teams With Smaller Rival Box on Cloud Technology

Microsoft cut a deal with competitor Box to partner on cloud-computing technology in an effort to get ahead in the emerging business.

Pandora CEO Tim Westergren Resigns

Pandora Media's co-founder and chief executive, Tim Westergren, is resigning from the company as the internet radio service contends with the rise of subscription music platforms.

(END) Dow Jones Newswires

June 27, 2017 13:16 ET (17:16 GMT)