GE to Sell Part of Digital Business

General Electric reached a deal to sell off part of its GE Digital business and set aside the rest in a separate company, as the conglomerate narrows its focus and scales back its software ambitions.

 
Big Four Accounting Firms' Revenue Rises 10.4%, Strongest Growth In Years

Global revenue at the Big Four accounting firms rose more than 10% in 2018, their strongest annual growth in at least a decade, as they continued a long shift toward consulting over their core auditing businesses.

 
Apple Plans Billion-Dollar Texas Campus in Wave of New Sites

Apple plans to invest $1 billion to build a new campus in Austin that could create 15,000 jobs, as it seeks to make good on its promises to strengthen its contributions to the economy.

 
BlackRock, Microsoft to Build Retirement-Planning Platform

BlackRock and Microsoft have agreed to develop a platform that will provide digital financial-planning tools and new BlackRock funds offering guaranteed retirement income to employees through their workplace saving plans.

 
L Brands Sells La Senza Lingerie to Private-Equity Firm

Victoria's Secret parent L Brands Inc. is selling lingerie business La Senza to private-equity firm Regent LP, further winnowing the brands under its umbrella

 
California Girds for Higher Power Prices After Fires

PG&E customers could soon face massive rate hikes due to the state's catastrophic wildfires, experts say.

 
'Smash Bros.' Cures Nintendo of the Summertime Blues

The holiday season is looking merrier for Nintendo after a difficult summer, thanks to a hot-selling new "Super Smash Bros." game and early signs that its Switch console is selling better.

 
Amazon Invasion in New York and Virginia Will Be a Slow One

Amazon's announcement that it will bring 25,000 new jobs each to New York and Northern Virginia sparked a frenzy of activity. Lost in the commotion: It will take many years, if not a decade, before residents see an army of Amazon employees invading their cities.

 
Samsung Downsizes China Operations With Factory Closure

Samsung Electronics will close a Chinese smartphone factory in the next two weeks, a retrenchment that comes as the South Korean technology giant shifts manufacturing to India and its sales flounder in China.

 
Under Armour's #MeToo Problem Is Also a Growth Problem

The two issues have been treated as unrelated. But investors know that bad corporate governance can be linked to bad performance, which is exactly what appears to have happened here.

(END) Dow Jones Newswires

December 13, 2018 11:00 ET (16:00 GMT)

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