China Firms Ditch Bonds for Banks in Search for Funds

Chinese companies are turning away from capital markets and heading back to state-owned banks to raise cash, in a reversal of Beijing's previous efforts to modernize the way the corporate sector in the world's No. 2 economy is funded.

 
China's LexinFintech Shrinks IPO Fundraising Goal

LexinFintech, a Chinese online lender that is planning to go public in the U.S., scaled back its fundraising ambitions after regulatory changes in China sparked a rout in shares of similar companies.

 
Disney Finalizing Pact to Acquire Assets From 21st Century Fox

Walt Disney is close to a deal to acquire a large piece of 21st Century Fox, people familiar with the situation say, in a pact that could help the entertainment giant accelerate its ambitions in streaming media, shore up its television business and grab hold of lucrative movie franchises.

 
Former UAW Official Exits GM's Board Amid Probe

A former United Auto Workers bargaining official resigned from General Motors Co.'s board of directors amid a broad federal investigation into training center funds jointly overseen by domestic auto makers and the union.

 
AT&T Reaches Contract With Union

AT&T Inc. reached a tentative deal with the union representing more than 21,000 of its wireless-support and retail workers, ending a 10-month standoff over pay and work conditions.

 
Judge Rejects Defamation Lawsuit Against Deadspin Owner

A judge has tossed Las Vegas oddsmaker R.J. Bell's defamation lawsuit against web publisher Gizmodo Media Group LLC over a 2016 article on Deadspin.com but said litigation against the article's author can move forward.

 
Lawmakers Seek Checks on Phony Comments Before 'Net Neutrality' Vote

Some lawmakers are calling on the Federal Communications Commission to add new safeguards against fraudulent public online comments amid an FCC vote Thursday to that require internet-service providers to treat all web traffic equally.

 
Boston Herald Seeks Quick Sale to GateHouse Media

The bankrupt Boston Herald hopes to close its sale to GateHouse Media by late February, and the prospective new owner-which plans to cut about one quarter of the jobs at the conservative tabloid-- will begin talking to employees about their futures next month.

 
Westinghouse Says Sales Process Generated Significant Interest

A Westinghouse Electric lawyer said Wednesday that the exploratory sale process the company is conducting has generated significant interest from potential suitors.

 
Why Apple Is Chipping In on Finisar

Apple is awarding $390 million to Finisar, which makes the key components in the types of 3-D sensing arrays that Apple uses in its iPhone X to scan the user's face.

(END) Dow Jones Newswires

December 14, 2017 03:00 ET (08:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.