Arby's Parent to Buy Sonic for $2.3 Billion 
 

Inspire Brands is buying Sonic for $2.3 billion, including debt, as the company created by the merger of Arby's and Buffalo Wild Wings seeks to build a portfolio of restaurant chains spanning the spectrum of fast food to casual dining.

 
Verizon Launches Early-Retirement Program 
 

Verizon, looking to trim its workforce, has offered early-retirement packages to thousands of staff, as part of a broader cost-cutting effort.

 
Qualcomm Accuses Apple of Funneling Secrets to Rival Intel 
 

Qualcomm accused Apple of funneling proprietary information about the chip supplier's technology to rival Intel, broadening a long-running legal battle between two companies central to the smartphone industry.

 
Michael Kors to Buy Versace in $2.1 Billion Deal 
 

Michael Kors Holdings reached a deal to buy Italian fashion house Gianni Versace as the U.S. conglomerate expands its global fashion luxury group. Following the acquisition, the company will change its name to Capri Holdings.

 
The Knot Parent Agrees to Tie-Up With WeddingWire 
 

XO Group, parent company of wedding-planning website the Knot, has agreed to be taken private for about $933 million, a deal that would hitch it to nuptials-planning marketplace WeddingWire.

 
BMW Cuts Outlook, Blames Trade Disputes and Emissions Costs 
 

Shares in BMW fell by as much as 6% after the luxury car maker warned that emissions-related costs, product recalls, and downward price pressure amid global trade disputes would dampen profit this year.

 
Novartis to Cut 2,000 Jobs Amid Revamp 
 

Novartis said it plans to cut more than 2,000 jobs as part of a global restructuring, the latest move by its new chief executive to refocus the pharmaceutical giant on higher-value drugs

 
As Newell Sheds Brands, a Familiar Foe Circles 
 

Newell Brands, the struggling conglomerate that is unloading several household brands, could end up selling one of its oldest businesses-the maker of Bicycle playing cards.

 
SoftBank Leads $1 Billion Investment in Indian Hotel-Booking Startup 
 

SoftBank Group is doubling down on one of its biggest bets in India by leading a $1 billion investment in hotel-booking startup OYO.

 
Instagram Co-Founders to Step Down From Facebook 
 

The two co-founders of Facebook's popular Instagram app are stepping down, a move marking continued tumult at the social-networking giant.

(END) Dow Jones Newswires

September 25, 2018 11:15 ET (15:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.