Comcast Goes Public on Plan for Fox Bid to Challenge Disney

Comcast said it is in advanced stages of preparing a higher, all-cash offer for the assets of 21st Century Fox that Disney has agreed to buy, an effort it made public to convince Fox shareholders of its seriousness.

 
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.

 
Ackman Takes Roughly $1 Billion Stake in Lowe's

William Ackman's Pershing Square Capital Management LP has joined another activist investor in Lowe's Cos., taking a roughly $1 billion stake in the home-improvement retailer, according to people familiar with the matter.

 
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.

 
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.

 
Abraaj, Already Under Scrutiny, Tapped Another Client Fund to Finance Itself

Abraaj Group, the private-equity firm under scrutiny for allegedly mismanaging money in a health-care fund, also used more than $200 million of investor money from a $1.6 billion buyout fund to help finance its business.

 
Uber Bows to Pressure, Offers Some Health Benefits to European Drivers

Uber will pay for sick leave and some other health-related benefits for all of its regular drivers and couriers in Europe in a bid to ease tensions with workers who have sought better employment perks.

 
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.

 
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.

(END) Dow Jones Newswires

May 23, 2018 13:15 ET (17:15 GMT)

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