What's News: Business & Finance -- WSJ
February 21 2018 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (February 21, 2018).
Walmart misjudged its online inventory for the holiday season,
pushing its shares down over 10% and slicing its market cap more
than $31 billion.
U.S. stock indexes fell, dragged down by Walmart. The Dow slid
254.63 points, or 1%, to 24964.75.
Treasury yields are nearing 3% for the first time in years, a
development with significant implications for financial
markets.
Qualcomm raised its bid for NXP to $44 billion, a move that
could cause Broadcom to abandon its pursuit of Qualcomm.
AT&T isn't entitled to details of the government's internal
discussions about the Time Warner deal, a federal judge ruled.
Public pension funds, with over half their assets in stocks,
showed their vulnerability to market downturns earlier this
month.
Fannie and Freddie investors suffered a setback when the Supreme
Court declined to take up their appeals.
Gap is searching for a new head of its flagship brand after the
CEO resigned.
Fox News is launching a streaming service available only to
subscribers.
Freight-tracking startup FourKites said it raised $35 million
for expansion.
HSBC missed 2017 profit forecasts, hurt by the collapses of two
borrowers.
Venezuela is likely to face problems attracting investors for
its cryptocurrency.
(END) Dow Jones Newswires
February 21, 2018 02:47 ET (07:47 GMT)
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