Coke CEO Muhtar Kent to Step Down

Coca-Cola said Friday that Muhtar Kent would resign from his role as chief executive in May 2017, to be succeeded by James Quincey, the beverage company's president and operating chief.

 
21st Century Fox in Talks to Buy Rest of U.K.'s Sky for $14 Billion

21st Century Fox is in late-stage discussions to buy all of Sky PLC, the U.K.'s market-leading pay-TV provider, in a $14 billion deal, as Fox moves to consolidate its holdings.

 
Orange Considering Stake in Vivendi's Canal Plus

Orange, a major French telecoms company, has held talks about investing in Vivendi's pay-TV unit Canal Plus, according to people familiar with the matter.

 
Apple's Mysterious AirPods Delay Marks Rare Misstep

Three months after trumpeting the AirPods as a breakthrough technology, Apple still hasn't made them available. The company says it needs time before the wireless airbuds are ready for consumers.

 
Athene Trades Higher in Market Debut

Athene Holding Ltd. shares traded higher in their market debut, as the provider of fixed-annuities further gives the lethargic market for initial public offerings a lift late in the year.

 
ECB Denies Monte dei Paschi More Time to Raise Capital

The European Central Bank has rejected a request from Italian lender Banca Monte dei Paschi di Siena for more time to raise capital, a person familiar with the matter said, paving the way for the government to step in and rescue the bank.

 
U.S. FTC Alleges Volkswagen Erased or Lost 23 Mobile Phones of Key Employees

The U.S. Federal Trade Commission alleged in a federal district court filing that Volkswagen AG erased or lost 23 mobile phones of key employees, calling the lost phones a "bright red flag" in the wake of last year's disclosure of the car maker's decade-long emissions-cheating scandal.

 
Noble Environmental Wins Court Approval of Bankruptcy-Exit Plan

Noble Environmental Power LLC, a bankrupt wind-energy company backed by billionaire Michael Dell, has won court approval for its restructuring plan.

 
Regulators Tweak Food-Stamp Rules for Grocers

U.S. regulators deemed potato chips and ice cream too unhealthy to count as staple foods and made other changes to the Supplemental Nutrition Assistance Program.

 
Generator Hostels for Sale in Deal Expected to Bring Up to $500M

The owner of Generator Hostels, a London-based operator of upscale youth hostels, is preparing a sale of the company that is expected to bring up to $500 million, according to people familiar with the matter.

(END) Dow Jones Newswires

December 09, 2016 13:15 ET (18:15 GMT)

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