What's News: Business & Finance -- WSJ
June 30 2017 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the US print
edition of The Wall Street Journal (June 30, 2017).
Walgreens and Rite Aid scrapped their $9.4 billion deal amid
antitrust concerns. Instead, Walgreens will seek to buy half of
Rite Aid's stores for $5.18 billion.
Sycamore intends to split Staples into three parts to help fund
its $6.9 billion purchase of the office-supply retailer.
TransCanada is struggling to find customers for its Keystone XL
pipeline, which was delayed for years.
U.S. stocks slid, led by tech shares. The Dow closed down 167.58
at 21287.03 after paring earlier losses.
Global government-bond prices dropped for a third consecutive
day.
The U.S. economy grew at an adjusted annual rate of 1.4% in the
first quarter, up from earlier estimates.
Fox's $15.1 billion bid to buy the 61% of TV giant Sky it
doesn't own is likely to face further U.K. scrutiny.
A global cyberattack was aimed at hurting businesses, not
earning profits for the hackers, experts said.
A panel of top financial institutions and firms has launched
guidelines to push for more disclosure about the impact of climate
change.
Blue Apron shares stalled in their public debut, closing at
their IPO price of $10.
Pine River plans to spin off a $1.7 billion government
bond-trading fund.
-0-
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the US print
edition of The Wall Street Journal (June 30, 2017).
Walgreens and Rite Aid scrapped their $9.4 billion deal amid
antitrust concerns. Instead, Walgreens will seek to buy half of
Rite Aid's stores for $5.18 billion.
Sycamore intends to split Staples into three parts to help fund
its $6.9 billion purchase of the office-supply retailer.
TransCanada is struggling to find customers for its Keystone XL
pipeline, which was delayed for years.
U.S. stocks slid, led by tech shares. The Dow closed down 167.58
at 21287.03 after paring earlier losses.
Global government-bond prices dropped for a third consecutive
day.
The U.S. economy grew at an adjusted annual rate of 1.4% in the
first quarter, up from earlier estimates.
Fox's $15.1 billion bid to buy the 61% of TV giant Sky it
doesn't own is likely to face further U.K. scrutiny.
A global cyberattack was aimed at hurting businesses, not
earning profits for the hackers, experts said.
A panel of top financial institutions and firms has launched
guidelines to push for more disclosure about the impact of climate
change.
Blue Apron shares stalled in their public debut, closing at
their IPO price of $10.
Pine River plans to spin off a $1.7 billion government
bond-trading fund.
(END) Dow Jones Newswires
June 30, 2017 02:47 ET (06:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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