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.

 
Google Faces Uphill Battle in Appealing EU Android Fine

Google has a tough task appealing its $5 billion fine from the European Union, but the challenge isn't insurmountable.

 
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.

 
CNN's Jeff Zucker Taking Leave for Elective Heart Surgery

CNN President Jeff Zucker is taking a six-week leave of absence to have elective heart surgery for a longstanding condition.

 
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.

 
On Amazon, Fake Products Plague Smaller Brands

Amazon has made it easy for small brands to sell their products to large numbers of customers, but that has also enabled some counterfeiters to cut into their business.

(END) Dow Jones Newswires

July 19, 2018 13:15 ET (17:15 GMT)

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