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.

 
GE Boosts Dividend 4.3% 
 

General Electric said Friday that it increased its quarterly dividend by 4.3%, or a penny per share, to 24 cents, its first increase since December 2014.

 
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.

 
Facebook Finds Two More Ad-Metrics Discrepancies 
 

A month after revealing four ad-measurement discrepancies, Facebook has revealed two more metrics revisions.

 
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.

 
Drug-Research Firm PPD Explores Sale 
 

Pharmaceutical Product Development LLC is exploring a sale that could value the drug-research company about $5 billion amid a rush of takeover activity among healthcare-services providers.

 
Ubisoft Executives Fined for Insider Trading 
 

Five executives at video game company Ubisoft have been fined a total of $1.4 million by the French stock market regulator for insider trading.

 
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.

 
 

(END) Dow Jones Newswires

December 09, 2016 15:15 ET (20:15 GMT)

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