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 Shares Fall on Cloud Forecast

Oracle Corp.'s stock sank after hours following news that the growth of its cloud-computing business in the current quarter would fall below expectations.

 
Airbus CEO to Depart in 2019, COO to Leave Next Year

Leadership turmoil at European plane maker Airbus deepened Thursday with Chief Executive Tom Enders telling the board he would depart in 2019 and the company's number two, Fabrice Brégier, saying he would leave next year, according to people familiar with the matter.

 
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.

 
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.

 
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.

 
Steinhoff's Interim Chief Resigns Amid Accounting Probe

Embattled retail giant Steinhoff International Holdings NV said its executive chairman, who was supposed to pick up the pieces after the company's chief executive resigned last week amid accounting irregularities, has stepped down.

 
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.

 
Delta Chooses Airbus Over Boeing for New Planes

Delta Air Lines Inc. ordered 100 single-aisle jets from Airbus SE-instead of Boeing Co.- amid a trade dispute involving the aerospace giant and the No. 2 U.S. airline.

(END) Dow Jones Newswires

December 14, 2017 19:15 ET (00:15 GMT)

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