News Highlights: Top Company News of the Day - Friday at 7 PM ET

Carlyle in Advanced Talks to Acquire Baxter's Vantive 
 

The deal would value the Baxter spinoff at more than $4 billion.

 
Shell to Take Impairment Hit of Up to $2 Billion 
 

Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a major biofuels plant as European energy majors grapple with weak market conditions, while trading in its core gas division is set to fall on quarter.

 
Labour's landslide victory sees U.K. housebuilder stocks surge 
 

The Labour Party has pledge to build 1.5 million homes over the next five years in what analysts said could mark the 'dawning of a new age' for British housebuilders

 
Sam Bankman-Fried's Campaign Spending Spree Was a Family Affair 
 

The fallen crypto tycoon's brother and mother directed donations to politicians, while his father weighed in with tax advice, previously undisclosed emails show.

 
JPMorgan Warns Customers: Prepare to Pay for Checking Accounts 
 

The head of Chase said bank customers stand to lose out on everything from free checking accounts to credit score trackers if Washington enacts new rules.

 
Canada Approves Glencore-Led Deal for Teck Coal Assets 
 

Canada approved a Glencore-led $9 billion deal to acquire coal assets from Teck Resources, after officials secured commitments from both companies about additional investment in the country.

 
Samsung Electronics Expects Surge in Second-Quarter Profit 
 

The South Korean tech giant forecast a surge in second-quarter earnings, suggesting that its flagship semiconductor business sustained a strong recovery.

 
Netflix, U.S. Companies Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue 
 

An industry group representing Netflix, Walt Disney and other U.S. streaming companies has asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to help finance local broadcast news and other domestic content.

 
EU Confirms Tariffs on Chinese-Made EVs 
 

The European Union confirmed plans to impose additional tariffs on electric cars made in China, dashing hopes of a solution sought by several carmakers whose executives fear reprisal from an escalating trade war.

 
BMW Hopes to Be a Steady Hand Amid EV Uncertainty 
 

BMW is sticking to planned investments for its battery-powered future while holding onto its conventional gasoline-fueled roots, its technology chief Frank Weber said in an interview.

(END) Dow Jones Newswires

July 05, 2024 19:15 ET (23:15 GMT)

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