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.

Nestlé Plans Share Buyback After Pressure From Third Point

Nestlé on Tuesday announced plans to launch a $20.8 billion share buyback, focus its capital spending on categories like coffee and pet care, and look for consumer health care acquisitions, a move that comes after it found itself the target of activist investor Third Point.

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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Dow Investor Calls for Changes in Post-DuPont Merger Breakup

Glenview Capital Management recently met with leaders of DuPont and Dow Chemical and pushed for changes in a plan to break the combined group into three parts, according to a letter the hedge fund sent to its investors late Tuesday.

UPS to Freeze Pension Plans for Nonunion Staffers

United Parcel Service will freeze pension plans for about 70,000 nonunion employees, seeking to contain the burden of a retirement fund with a nearly $10 billion deficit.

Apollo Breaks Record as Investors Flock to Buyout Funds

Apollo Global Management, the private-equity firm co-founded by billionaire investor Leon Black, has raised $23.5 billion for the world's largest ever buyout fund.

American Airlines to Test 3-D Bag Screening Equipment

American Airlines Group Inc. is testing new machines that map the contents of hand luggage more accurately, aiming to address heightened concerns over explosive devices that could be carried onto a plane.

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 for the 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.

(END) Dow Jones Newswires

June 27, 2017 19:16 ET (23:16 GMT)