News Highlights: Top Company News of the Day

Features Dow Jones Newswires

J.P. Morgan, Vantiv Make European Fintech Move With Approach to Worldpay

Continue Reading Below

J.P. Morgan made a preliminary approach for U.K. payments business Worldpay, potentially marking one of the biggest deals the U.S. bank has done since the financial crisis.

Italy Wins EU Approval for $6.1 Billion in State Aid for Monte dei Paschi

The European Union's executive arm formally approved Italy's request to grant EUR5.4 billion in state aid to recapitalize ailing lender Monte dei Paschi di Siena Tuesday, closing months of talks.

Clariant, Huntsman Deal Under Threat From Activist Investors

Clariant's bid to create a $14 billion chemicals giant through a merger with U.S.-based Huntsman has come under attack from a group of the Swiss company's largest shareholders who are pushing to derail the transaction.

Continue Reading Below

Disney's Channels: Kids Are Tuning Out

It's not just ESPN. Ratings have fallen significantly at Disney's biggest television brands, led by Disney Channel and Freeform, which reach children, teens and young adults.

Uber Suffers Setback in Trying to Quash Criminal Convictions in France

Uber faced a new hurdle in lifting a French court's criminal convictions leveled on the company and two of its executives.

LeEco Founder's Assets, Shares Frozen Over Missed Interest Payment

A court in Shanghai froze nearly $181 million in assets and an additional $2.3 billion worth of shares in a listed unit partially owned by LeEco Holdings founder Jia Yueting after the unit missed an interest payment, deepening the firm's financial distress.

How a Glitch Made It Look Like Apple Lost $104 Billion in Market Value

A flood of incorrect stock-market data briefly hit traders' screens, showing apparent huge moves in the Nasdaq-listed share prices of some of the world's biggest companies.

SpaceX Scraps Launch Again

For the second time in two days, entrepreneur Elon Musk's SpaceX was forced to scrub blastoff of a large commercial communications satellite after an automated system aborted the launch within seconds of liftoff.

Samsung Is Developing a Bixby-Powered Smart Speaker

Samsung is developing a voice-activated speaker powered by its digital assistant Bixby, joining a proliferating arms race in tabletop devices against the likes of Amazon, Alphabet, Apple and Microsoft.

U.S. Auto Sales Fall as Fewer Vehicles Go to Rental Chains

Auto sales continued to slide in June, as car buyers react to higher vehicle prices and Detroit backs away from dumping unwanted inventory into rental-car lots.

(END) Dow Jones Newswires

July 04, 2017 13:16 ET (17:16 GMT)