Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky

Comcast said it was dropping its pursuit for most of 21st Century Fox, ending a bidding war with Walt Disney, but said it would continue its pursuit of European pay-TV giant Sky PLC.

 
Wells Fargo's Latest Challenge: Refunds for Pet Insurance, Legal Services

Wells Fargo is in the process of refunding tens of millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customers' accounts without their full understanding.

 
Goldman Sachs, Once Closed to Outsiders, Is on a Hiring Spree

Goldman Sachs has brought in 15 outsiders at the elite rank of partner over the past year, the biggest influx of senior executives in two decades.

 
Saudi Aramco in Talks to Buy Stake in Petrochemical Firm

Saudi Aramco said it's in early talks to buy a stake in one of the world's largest petrochemical companies, an acquisition that would boost the state-run oil giant's downstream operations.

 
Blackstone's Profit Climbs as PE Portfolio Surges

Blackstone reported a sharp jump in second-quarter profit as the value of its private-equity portfolio surged.

 
Medical Testing Giant LabCorp Hit by Ransomware Attack

The medical-testing giant Laboratory Corp. of America is dealing with a broad cyberattack, people familiar with the matter said, the latest breach to disrupt companies that hold sensitive information.

 
Philip Morris Cuts Sales, Earnings Targets

Philip Morris International Inc. lowered its forecast on earnings and sales as it has faced weaker-than-expected demand for IQOS, its smoke-free electronic-cigarette device in global markets.

 
Higher Catastrophe Losses Weigh on Travelers's Bottom Line

Travelers Cos. reported record net written premiums in its second quarter but its earnings fell as several weather-related catastrophes and fires at commercial properties dented its bottom line.

 
Barclays Poaches Senior Health-Care Banker From Deutsche Bank

Barclays poached a senior investment banker from Deutsche Bank to bolster its coverage of European health care as deals such as Takeda Pharmaceutical's $62 billion pact to acquire Shire highlight the opportunity for deal making in the sector

 
Danaher to Spin off Dental Business

Danaher said it plans to spin off its dental segment into an independent, publicly traded company. The science and technology company also reported better-than-expected second-quarter earnings.

(END) Dow Jones Newswires

July 19, 2018 11:15 ET (15:15 GMT)

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