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 17:15 ET (22:15 GMT)

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