News Highlights: Top Company News of the Day
December 14 2017 - 1:30PM
Dow Jones News
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.
Facebook Revamps Video Ads Amid Publisher Concerns
Facebook Inc. is changing its video-ad strategy again as
frustrations from publishers mount over their inability to earn
significant money from videos on the social network.
Teva Pharma to Cut 14,000 Jobs as Generic-Drug 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.
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.
Amtrak: Co-CEO Moorman to Step Down at Year-End
A top executive of Amtrak will step down at year's end as the
national passenger railroad continues to balance an increase in
ridership with a backlog of infrastructure repair work.
New York Times Publisher Arthur Sulzberger, Jr. to Retire
The New York Times announced publisher Arthur Sulzberger Jr.
will retire at the end of the year and that his son, Arthur Gregg
"A.G." Sulzberger, will be appointed to the job.
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 is taking another step in the direction of rival
Spotify 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.
(END) Dow Jones Newswires
December 14, 2017 13:15 ET (18:15 GMT)
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