Chinese Telecom Giant Could Dial Up the Biggest IPO Since Alibaba

China Tower, the monopoly behind China's vast network of cellphone towers, started marketing what could be the world's largest initial public offering in four years.

 
LifePoint Health Agrees to Apollo Buyout

Apollo Global Management is buying LifePoint Health in a deal with an enterprise value of about $5.6 billion.

 
Sudden CEO Shift Jolts Fiat Chrysler

The deteriorating health of Sergio Marchionne forced Fiat Chrysler to replace him as CEO this weekend, a sudden change at a company dealing with a rapidly evolving industry and a global trade dispute.

 
Papa John's Board Votes to Adopt 'Poison Pill' Against Founder

Papa John's International's board members voted to adopt a "poison pill" on Sunday to prevent its controversial founder from gaining a controlling interest in the pizza chain.

 
Mondelez Recalls Ritz Crackers on Salmonella Concern

Mondelez International is recalling some Ritz crackers after its supplier of whey powder recalled ingredients due to the potential presence of salmonella bacteria.

 
Alphabet's Earnings: Investors Watch for Hints on Android Antitrust Fine

Google parent Alphabet is expected to report earnings after the market closes. Investors will be looking for any discussion about its Android business after the EU antitrust fine and more details about data collection in light of privacy concerns.

 
French IT Firm Expands in U.S. With $3.4 Billion Deal

The French firm Atos has struck a $3.4 billion deal to buy U.S.-based Syntel, an information-technology company, in a move that would give it access to some of the biggest U.S. financial-services companies.

 
Philips Profit Falls

Philips said that net profit fell in the second quarter as it booked a charge from discontinued operations, while sales stayed flat.

 
WPP in Talks to Sell Minority Stake in Chinese Unit

WPP has held talks to sell a minority stake in its operations in China, as the world's largest advertising company reviews its business after founder Martin Sorrell's exit.

 
Pimco Executive Resigns After Allegations of Inappropriate Behavior

Bill De Leon, a senior Pacific Investment Management executive, resigned on Friday after facing allegations he acted inappropriately toward a colleague.

(END) Dow Jones Newswires

July 23, 2018 09:15 ET (13:15 GMT)

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