What's News: Business & Finance -- WSJ
February 22 2017 - 3:02AM
Dow Jones News
Icahn has taken a stake in Bristol-Myers, fueling speculation
the firm could soon be put on the block. The news came as the
drugmaker shook up its board to satisfy activist investor Jana.
Verizon and Yahoo agreed to shave $350 million off the purchase
price of Yahoo's internet business and share data-breach costs.
Wal-Mart and Home Depot posted strong holiday sales, showing
they can still find ways to draw shoppers to their physical
stores.
Snap executives at an IPO roadshow event were grilled about how
they plan to turn their app into a moneymaking machine.
Wells Fargo fired four retail-banking executives in the wake of
last year's sales-practices scandal.
Anglo American and BHP swung to big profits as soaring commodity
prices fueled a rebound for miners.
A broad rally in U.S. stocks lifted indexes to new records. The
Dow climbed 118.95 points to 20743.
Wanda's deal for Dick Clark Productions has stalled as China
clamps down on funds leaving the country.
CSX said its chief will retire in May, as railroad veteran
Harrison and an activist investor try to shake up the firm.
EU finance ministers agreed to more measures to stop
international firms from cutting their tax bills.
HSBC said its loss widened to $4.23 billion in the fourth
quarter.
Tyson plans to end the use of antibiotics in its flagship
chicken products.
(END) Dow Jones Newswires
February 22, 2017 02:47 ET (07:47 GMT)
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