Origin to Sell Oil-and-Gas Operations Through IPO

The Australian energy company said it would bundle its upstream operations into a new company and sell them next year in an effort to slash debt.

 
U.S. Tech Firms to Join Forces on Takedown of Terror Content

Alphabet's YouTube, Facebook, Twitter, and Microsoft announced they would form a shared database of identifiers of online terror images and videos in a bid to speed up the takedown of content that has helped terror cells recruit followers and spread radical ideas on the Web.

 
Brazil's JBS Plans U.S. IPO for Foods International Unit

Brazilian meatpacking giant JBS SA said late Monday it is planning a U.S. initial public offering of its JBS Foods International BV unit in the first half of next year.

 
Bob Evans's Results Take Hit From Sluggish Sales, Note Impairment

Bob Evans Farms lowered most financial projections for the year, as sales remain sluggish, and the company wrote down $16 million it had expected to collect from the sale of Mimi's Café.

 
Kinder Morgan Sees $3.2 Billion Capital Budget

Kinder Morgan unveiled a preliminary capital-spending budget of $3.2 billion for expansion programs next year and said it would raise its dividend in 2018.

 
Brazil's Petrobras to Raise Gas and Diesel Prices

Petróleo Brasileiro will raise domestic fuel prices after production cuts announced last week by the Organization of the Petroleum Exporting Countries triggered a rally in global oil markets.

 
Hudson's Bay Reports Third-Straight Quarterly Loss

Saks Fifth Avenue and Galeria Kaufhof owner Hudson's Bay reported disappointing sales ahead of the holiday shopping season, with Saks and outlet stores accounting for the largest sales declines.

 
Aetna and Humana Defend Merger, as Antitrust Trial Begins

The Justice Department and proposed merger partners Aetna Inc. and Humana Inc. presented a judge Monday with starkly different visions of how the transaction would affect the marketplace.

 
United Continental Mechanics Approve New Labor Deal

A majority of the more than 9,000 mechanics at United Continental approved a six-year labor agreement that will lift wages.

 
FCC Airwaves Auction Fails Again to Draw Enough Bids

The U.S. government's massive airwaves auction again failed to move forward Monday after a single two-hour round of bidding didn't generate enough demand.

(END) Dow Jones Newswires

December 05, 2016 23:15 ET (04:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.