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)

Copyright (c) 2018 Dow Jones & Company, Inc.
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