Tencent Music Entertainment Group Preparing IPO

Tencent Music, China's largest music-streaming company, is preparing what would be one of the largest tech IPOs ever following the successful debut of its European counterpart Spotify.

 
Fresenius Ends Deal to Buy Akorn, Which Pledges a Fight

Fresenius on Sunday said it is terminating its $4.3 billion agreement to buy generic-drug maker Akorn, but Akorn said they intend to see the deal go through.

 
Wells Fargo Struggles to Meet an Enforcement-Action Deadline

Wells Fargo is facing more regulatory challenges as it seeks an extension in a deadline to satisfy an enforcement action related to anti-money-laundering controls.

 
U.S.-China Trade War Is Bad News for Google's Expansion

The barring of Chinese smartphone maker ZTE by the U.S. government from working with American companies is an unforeseen challenge for Google in a bid to get its mobile software in the hands of wider swaths of users.

 
Amazon Trades Like a Tech Stock But Pays Like a Warehouse

Median pay at Amazon reveals the predominantly blue-collar nature of its workforce, which sets it apart from tech peers Facebook, Apple and Google-parent Alphabet Inc.

 
HNA Cuts Stake in Deutsche Bank as It Continues to Unload Assets

HNA Group has cut its stake in Deutsche Bank to 7.9% from 8.8%, as the Chinese conglomerate continues to unload its overseas holdings.

 
BJ's Wholesale Club Set For IPO

The private-equity owners of BJ's Wholesale Club are preparing to take the company public in the coming months, people familiar with the deal said.

 
Airline Regulators Call for Emergency Inspections of Boeing 737 Engines

U.S. aviation regulators in the wake of this week's fatal Southwest Airlines accident imposed emergency inspection requirements for jet engines that power many Boeing 737 jetliners around the world.

 
U.S. Arm of Insurer AXA Seeking to Raise $4 Billion in IPO

AXA Equitable Holdings, the U.S. arm of the French insurer AXA, plans to begin showcasing itself to investors next week for what would be the biggest U.S.-listed IPO of the year so far, measured by amount of money raised.

 
Wells Fargo to Pay $1 Billion to Settle Risk Management Claims

Wells Fargo agreed to pay $1 billion to settle federal claims of misconduct in its auto and mortgage lending businesses. The fine is the largest against a bank so far in the Trump administration.

(END) Dow Jones Newswires

April 22, 2018 21:15 ET (01:15 GMT)

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