News Highlights: Top Company News of the Day
December 14 2017 - 5:15PM
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.
Oracle's Cloud Business Growth Beats Tempered Forecast
Oracle said total cloud sales, which the company had said would
rise 39% to 43%, grew 44% in the quarter to $1.52 billion.
Facebook Will Introduce Ads as Videos Start, a Move Long Resisted
Facebook is changing its video-ad strategy as frustrations from
publishers mount over their inability to earn significant money
from them. The social network will for the first time start testing
ads that appear before certain videos begin playing.
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.
Elliott Preps for Potential Fight With Hess, Seeking CEO Ouster
Elliott Management Corp. is preparing for a possible tussle with
Hess Corp., hoping to either remove John B. Hess as chief executive
or push him to consider selling all or part of the energy
company.
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.
(END) Dow Jones Newswires
December 14, 2017 17:00 ET (22:00 GMT)
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