News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Samsung Electronics Expects Highest Operating Profit in Company History

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The world's largest smartphone maker expects second-quarter operating profit of about $12.1 billion, a 72% increase from the same period a year earlier.

Buffett's Berkshire Nears Deal to Buy Electric-Grid Giant

Warren Buffett's Berkshire Hathaway is nearing a deal to buy one of the country's biggest power-transmission companies, which would cement electricity as one of the conglomerate's largest businesses.

Campbell Expands Organic Business With Pacific Foods Purchase

The company plans to buy the organic-soup maker for $700 million, the food stalwart's latest effort to meet demand for fresher, more natural foods.

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Univision Says It Will Fight Defamation Suit Over Deadspin Story

Univision Communications Inc. said it will fight a new defamation lawsuit, guided by Hulk Hogan's lawyer, over a Deadspin story the company acquired last year when it purchased Gawker Media's blogs in a bankruptcy auction.

Cirque du Soleil Buys Blue Man Group

Cirque du Soleil has acquired the experimental-theater company Blue Man Group, as the Montreal-based organization continues to expand its range of entertainment offerings beyond highflying aerial stunts.

Mondelez Says Cyberattack Cost it Business

Mondelez International's sales in the most recent quarter took a hit from a cyberattack that wreaked havoc across Europe and the U.S. last week, the company said.

Qualcomm Steps Up Fight Against Apple

Qualcomm plans to file a complaint with federal trade authorities seeking to halt imports of certain iPhones and iPads, ratcheting up a protracted dispute with Apple by going after the tech giant's most profitable business.

SoundCloud to Cut Over 40% of Staff

Audio-sharing platform SoundCloud Ltd. will lay off more than 40% of its staff in a bid to reach profitability in a competitive music-steaming environment.

Aecom to Buy Shimmick Construction for $175 Million

Infrastructure and engineering firm Aecom is acquiring Shimmick Construction Company Inc. for $175 million, expanding its reach in the Western U.S. in anticipation of hundreds of billions of dollars in infrastructure spending expected in the coming years.

Maryland Sued by Generic-Drug Trade Group Over New Pricing Law

A trade group for the generic-drug industry filed a lawsuit seeking to block Maryland's new law aimed at curbing steep price increases for generic drugs.

(END) Dow Jones Newswires

July 06, 2017 21:16 ET (01:16 GMT)