Former Audi Engine Manager Charged in Emissions Scandal
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U.S. authorities accused Giovanni Pamio, an Italian citizen who worked as head of thermodynamics for Audi's diesel engine development, of helping implement software designed to cheat U.S. emissions tests in thousands of vehicles.
Samsung Electronics Expects Highest Operating Profit in Company History
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.
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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.
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.
(END) Dow Jones Newswires
July 06, 2017 23:16 ET (03:16 GMT)