3M Sells Optical Fiber Business to Corning for $900 Million

Corning said Monday it agreed to buy almost all of 3M's optical fiber and copper cable business for $900 million in cash.

 
Mattel Warns of Weak Holiday Quarter, Two Weeks Before Christmas

Mattel Inc. warned of another gloomy holiday season as key brands continue to struggle and toy retailers tighten the amount of inventory they're willing to buy upfront.

 
Icahn to Nominate Four to Xerox Board

Xerox said that former Icahn Capital Managing Director Jonathan Christodoro resigned from its board so that investor Carl Icahn's organization could nominate four directors at Xerox's annual meeting in 2018.

 
Software Firm Settles U.S. Security Probe

A telecom software company will resolve a criminal investigation of its use of uncleared Russian nationals working on a U.S. defense project by implementing a security plan that U.S. officials hope will be an industry model.

 
In New NFL Deal, Verizon Trades Mobile Exclusivity for Rights on Yahoo

Verizon Communications will no longer have the exclusive mobile rights to distribute the games to its wireless customers, but the $2 billion deal will expand the partnership to Verizon-owned platforms like Yahoo Sports.

 
Hospital Giants in Talks to Create U.S.'s Largest Operator

Ascension and Providence St. Joseph Health are in talks about a possible merger that would put 191 hospitals in 27 states under a single owner, as a series of major deals are poised to consolidate control of the health-care landscape into fewer hands.

 
Startup Affirm Gets Investment from GIC and a Valuation Nearing $2 Billion

Financial-technology startup Affirm Inc. said Monday that it raised $200 million in new equity as it battles larger players getting into its core business of lending to consumers for retail purchases.

 
SoftBank to Invest More in OneWeb

Japan's SoftBank Group has agreed to invest roughly $500 million more in satellite broadband provider OneWeb, according to a person familiar with the details.

 
HSBC to Be Released From U.S. Deferred Prosecution Agreement

HSBC is to be released from a controversial agreement that let it avoid U.S. criminal charges in 2012, after it was judged to have sufficiently improved its systems to keep out financial criminals.

 
Ex-Gawker Employees Launch Crowdfunding Drive to Buy Website

Ex-employees of Gawker.com's defunct publisher are raising money through a crowdfunding campaign in a bid to purchase the blog out of bankruptcy and relaunch the website.

(END) Dow Jones Newswires

December 11, 2017 11:00 ET (16:00 GMT)

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