Paramount Pictures Gets a $1 Billion Infusion From China

A $1 billion financing deal with two Chinese firms promises Viacom Inc.'s struggling Paramount Pictures some much-needed funds and a foothold in the world's second-largest box-office market.

 
IBM Revenue Declines Again Amid Transformation

IBM recorded its 19th consecutive quarter of declining revenue, as it continued to try to offset declines in older businesses with sales in newer ones that are growing rapidly.

 
Netflix Strategies Fuel Soaring Stock Price

Netflix's global expansion and ramp up of its streaming-operations has resulted in its share price hitting an all-time high on Thursday. Shares closed at $138.41 after the company posted strong fourth-quarter results Wednesday.

 
GE's Stock Rally Needs More Power

Fourth-quarter earnings will put the industrial giant's stock rally to the test.

 
China Oceanwide Clinches Deal to Buy International Data Group

A team led by China Oceanwide Holdings reached a deal to buy International Data Group, the data and marketing company that also runs venture-capital firm IDG Ventures.

 
Whole Foods to Open a Lower-Priced '365' Store in Brooklyn

Whole Foods Market plans to bring its lower-priced store chain, 365 by Whole Foods Market, to Brooklyn's Fort Greene neighborhood.

 
Peabody Energy Bondholder Group Proposes Rival Restructuring Plan

A group of Peabody Energy bondholders are pressing a rival restructuring plan for the coal miner, according to people familiar with the matter, going to head to head with the big investment firms that back Peabody's current strategy.

 
Sands to Pay $6.96 Million to Settle U.S. Investigation

Las Vegas Sands agreed to pay a $6.96 million criminal penalty to settle a U.S. investigation into violations of the antibribery law over payments the company made to a business consultant in China.

 
Oil-Field Services Company Keane Prices Upsized IPO at High End of Range

Oil-field services company Keane Group Inc., which increased the size of its initial public offering at least twice, said the IPO priced at the high end of its estimated range Thursday.

 
J.P. Morgan CEO to Get $28 Million in 2016 Compensation

J.P. Morgan Chase & Co. Chief Executive James Dimon will receive $28 million in total compensation for 2016, up 3.7%-or $1 million-from 2015, according to a Thursday securities filing.

(END) Dow Jones Newswires

January 20, 2017 05:15 ET (10:15 GMT)

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