Papa John's Founder Recently Held Merger Talks With Wendy's

Papa John's founder and recently ousted chairman John Schnatter has recently held talks to merge the pizza-delivery company with Wendy's.

 
IBM Rides New Businesses to Higher Revenue, Profit

IBM reported higher profit and sales for its latest quarter, with newer businesses like cloud computing contributing more than half of total revenue.

 
American Express Lifts Revenue Forecast

AmEx said that given its financial performance for the first half of the year, it now expects revenue for the year to increase at least 9%.

 
Google Hit With Record $5 Billion EU Fine in Android Case

The EU fined Alphabet's Google $5 billion, a record for the bloc that could loosen the company's grip on its biggest growth engine: mobile phones.

 
Morgan Stanley's Profit Jumps 39%

Morgan Stanley said its second-quarter earnings rose about 39% from a year ago, concluding a big-bank earnings season that showed continued strength in the economy.

 
Lawmaker Questions U.S. Trustee Over McKinsey's Conflict Disclosures

A Republican member of the House Judiciary Committee asked a Justice Department unit to detail how it enforces bankruptcy rules, concerned that undisclosed conflicts at McKinsey & Co.'s restructuring unit may be compromising the nation's bankruptcy system.

 
U.S. Regulators Support Removing Fed Oversight of Zions Bancorp

Regional U.S. banks are moving closer to getting relief from the stricter oversight they have faced since the 2008 financial crisis.

 
Sinclair Changes Divestiture Plans to Address FCC Deal Concerns

Sinclair Broadcast said it will change divestiture plans for three television stations to sweeten its chances of winning approval for its acquisition of Tribune Media and appease criticism from U.S. regulators.

 
U.K.'s Takeover Panel to Review Ruling on Disney's Sky Offer

The U.K.'s takeover panel set a July 27 hearing to review its decision to require Walt Disney to make an increased offer of GBP14 a share for Sky in the event of it buying 21st Century Fox's entertainment assets.

 
Netflix Creating Comedy Radio Channel With SiriusXM

The streaming-content giant has cut a deal with the satellite-radio broadcaster to create an outlet for its comedy content.

(END) Dow Jones Newswires

July 18, 2018 17:15 ET (21:15 GMT)

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