What's News: Business & Finance -- WSJ
May 09 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 (May 9, 2018).
Disney's CEO expressed confidence that his company would prevail
in its bid for key assets of 21st Century Fox, despite recent moves
by Comcast to make a competing offer.
Fox's James Murdoch is planning to strike out on his own if the
Disney deal closes. Lachlan Murdoch is expected to become CEO of
the remaining so-called New Fox.
Facebook is overhauling its management structure in one of the
biggest makeovers in the company's history.
The value of investments by public pension funds declined last
quarter, testing retirement systems.
Cord-cutting has spurred questions about the safety of junk
bonds issued by cable, satellite and telecom firms.
Vodafone is close to announcing a $23 billion deal to buy
Liberty Global's operations in four European countries.
Takeda reached an agreement to buy Shire in a deal that values
the European drugmaker at $62 billion.
U.S. stocks recovered from early declines to finish flat. The
Dow edged up 2.89 points to 24360.21.
Xiaomi is lowering its IPO target, now aiming for a valuation
between $70 billion and $80 billion.
Edward Jones named Penny Pennington as its new head, the only
woman to lead a major U.S. brokerage.
Nike said five more executives have left amid an internal
inquiry into complaints about workplace issues.
(END) Dow Jones Newswires
May 09, 2018 02:47 ET (06:47 GMT)
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