Deutsche Bank Considers Plans for 10,000 Job Cuts

Deutsche Bank executives have considered plans to eliminate close to 10,000 jobs, or about one in 10 employees, as part of moves to accelerate cost-cutting.

 
Comcast Goes Public on Plan for Fox Bid to Challenge Disney

Cable giant Comcast said it is in advanced stages of preparing a higher, all-cash offer for the entertainment assets that 21st Century Fox has agreed to sell to Disney for $52.4 billion in stock.

 
Target Sales Get Lift From Remodels but Spending Squeezes Margins

Target said sales are rising as the big-box chain benefits from a strong economy and recent investments in stores and online, but those investments continue to weigh on profits.

 
Marble Arch Hedge Fund Shuts Down

Marble Arch Investments LP, a $2.4 billion New York hedge fund, said it is closing down, the latest sign of pain felt by investors who bet against expensive stocks.

 
Uber to Pay for Health Insurance for European Drivers

Uber will pay for limited health insurance and parental benefits for all of its regular drivers and couriers in Europe in a bid to ease tensions with workers who have been clamoring for greater employment benefits.

 
Apple Avoids Amazon's Beauty Contest, Searches Secretly for New Campus

The world's two most valuable technology companies, Apple and Amazon, are shopping for cities in which to build new corporate campuses. But with one of them, you would hardly know it.

 
Foxconn Unit Plans China's Biggest IPO Since 2015

A unit of Taiwan's contract electronics manufacturer Foxconn Technology Group said it plans to raise $4.25 billion through an initial public offering in Shanghai, potentially marking China's biggest IPO since 2015.

 
Samsung Wants Every Appliance to Talk by 2020

Samsung plans to put artificial-intelligence features and internet connectivity in all its products in an effort to transform its home appliances into an army of synced devices capable of fielding verbal commands.

 
Meet the Startup Building a Market From Scratch to Become Africa's Alibaba

On safari for the rare African tech unicorn, Goldman Sachs and other big-name investors think they have spotted a winner in Jumia, the continent's aspiring Alibaba.

 
Malaysia Tapped Its Central Bank to Pay 1MDB Debt

The government of former Malaysian Prime Minister Najib Razak, in its final months in office, turned to the nation's central bank to pay off $500 million in debt owed by the troubled state investment fund 1Malaysia Development Bhd.

(END) Dow Jones Newswires

May 23, 2018 11:15 ET (15:15 GMT)

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