Disney to Acquire Fox Assets in Big Bet on Video Streaming

Walt Disney agreed to buy select assets of 21st Century Fox for $52.4 billion in stock as it moves to bolster its streaming and television businesses in a changing media landscape.

 
KPMG Posts Slowest Revenue Growth of Big Four Firms

KPMG recorded $26.4 billion in revenue in its latest fiscal year, up 3.9% in U.S. dollar terms from the previous year.

 
Teva to Cut 14,000 Jobs as Generics Business Suffers

Teva Pharmaceutical is cutting more than 25% of its workforce and suspending its dividend as it works to cut costs and pay down debt.

 
Australia Deals Blow to BP's Post-Spill Recovery Plans

BP suffered a setback to its post-Deepwater Horizon plans after the Australian government said it would block a $1 billion deal that would have made it the country's dominant consumer-fuel retailer.

 
Delta Reaches Terms for 100 Airbus Single-Aisle Planes

Delta Air Lines Inc. said it agreed to terms with Airbus SE for 100 firm orders and 100 options on the Airbus A321neo, a move that comes amid trade tensions and after the carrier compared the new-engine version of the A321 with offerings from rival Boeing.

 
Pandora to Offer Free, On-Demand Music With Ads

Pandora Media Inc. is taking another step in the direction of rival Spotify AB as it grapples with declining usage and advertising revenue.

 
Sinclair-Tribune Deal Likely to Get Justice Department's Approval

The Justice Department has signaled it is willing to grant approval to Sinclair Broadcast Group Inc.'s planned takeover of Tribune Media Co., but it wants the companies to sell off roughly a dozen television stations.

 
Wells Fargo Trims Staff in Its Giant Mortgage Unit

Wells Fargo laid off about 60 employees in its mortgage division as the bank continues to reshuffle parts of its business following heightened regulatory scrutiny.

 
Pimco Goes Small to Get Big in Private Equity

Pimco is betting smaller investors can help propel the bond manager's big push into private equity, debt and real estate, markets are usually reserved for pension plans and wealthy families.

 
Oracle Earnings: What to Watch

Oracle Corp. is set to report financial results for its fiscal second quarter after the close of trading Thursday. Here's what you need to know.

(END) Dow Jones Newswires

December 14, 2017 11:15 ET (16:15 GMT)

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