What's News: Business & Finance -- WSJ
July 12 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 (July 12, 2018).
Broadcom agreed to buy software company CA Technologies for
$18.9 billion, a surprise move that would take the chip powerhouse
in a new direction.
The battle for control of Sky heated up, with Fox raising its
bid for the European pay-TV giant and Comcast quickly
countering.
A selloff in metals and other commodities intensified amid
worries about the impact of tariff threats on the global
economy.
U.S. stocks fell as trade concerns and falling oil prices
outweighed optimism about earnings. The Dow shed 219.21 points to
24700.45.
The NYSE is stirring tension between some of its big listed
companies and their largest investors over an SEC fee study.
Twitter said it is subtracting some accounts it has flagged for
suspicious activity from the follower numbers of its users.
Pfizer is organizing itself into three different businesses as
it considers the future of its over-the-counter medicines unit.
Uber pushed out its human-resources chief after an internal
inquiry into her department's handling of racial-bias claims.
Ford's sales in China slid 26% in the first half, with little
relief in sight as trade frictions worsen.
A judge approved a discounted sale of Harvey Weinstein's
bankrupt film- and-television studio to private-equity firm
Lantern.
(END) Dow Jones Newswires
July 12, 2018 02:47 ET (06:47 GMT)
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