News Highlights: Top Company News of the Day

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06/11/2018 | 05:16 am
Martin Sorrell


KKR Nears Deal to Buy Envision Healthcare for About $5.5 Billion



KKR is nearing a deal to buy Envision Healthcare for about $5.5 billion, in one of the largest recent leveraged buyouts.




Abraaj Founder Scrambles as Empire Teeters



Arif Naqvi once wooed the likes of Bill Gates to invest in his emerging-markets funds. Now some investors in the funds of Abraaj, the Dubai-based private-equity firm he founded, are alleging the company misused some of the nearly $14 billion it managed. Mr. Naqvi is trying to keep his firm afloat and defend his reputation.




'Ocean's 8' Bumps 'Solo' From No. 1 Spot



"Ocean's 8," the female-fronted overhaul of the "Ocean's" heist franchise, opened with an estimated $41.5 million at the box office, taking the weekend's top spot from the fast-falling "Solo: A Star Wars Story."




With Fox Deal, Comcast and Disney Wish Upon a Star in India



As Disney and Comcast gear up for a possible bidding war over a big chunk of Fox, one of the most desired assets is likely unknown to many Americans: Indian media conglomerate Star India.




Bidding for Fox Will Get Serious After Court Ruling



Not so long ago, Rupert Murdoch's decision to sell the crown jewels of his media company, 21st Century Fox, looked like an acknowledgment that the sun was setting on his reign. Now, as Disney and Comcast prepare to do battle over those coveted assets, Mr. Murdoch looks set to go out in a blaze of glory.




Chinese Firm's Takeover of Genworth Financial Passes U.S. Security Review



A U.S. national security panel approved a Chinese conglomerate's $2.7 billion takeover of Richmond, Va.-based insurer Genworth Financial Inc., after the companies convinced authorities they would take extraordinary steps to secure Americans' personal data.




Defense Firms Vie to Build New Pacific Fleets



U.S. allies are embarking on a naval shopping spree as territorial standoffs intensify in the Pacific.




Apple and the Art of the Buyback



Apple's share repurchases aren't only a tax-efficient way to return cash to shareholders, but may help boost demand for the stock during a traditionally weak seasonal period.




WPP Probed Whether Former CEO Martin Sorrell Used Company Money for a Prostitute



The WPP PLC board probe preceding the exit of Martin Sorrell as chief executive addressed whether he had used company money for a prostitute, people familiar with the matter said; the probe's determination remains unclear.




Electronic Arts Embraces Subscriptions for New PC Games



Electronic Arts soon will let people subscribe to play its newest PC games, embracing a model analysts believe could eventually alter how people access games and choose which ones to play.






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