Former Disney COO Tom Staggs Emerges as Top Candidate for CBS CEO Job

Tom Staggs, the former operating chief of Walt Disney Co., has emerged as a top candidate for the chief executive job at CBS Corp., people familiar with the matter said.

 
CVS Urges Judge Not to Halt Integration of Aetna

A federal judge softened his previous suggestion that he would likely issue a court order requiring CVS Health to halt its integration of newly acquired insurer Aetna, citing CVS's pledges to keep certain aspects of Aetna's operations separate for now.

 
FedEx to Start Voluntary Buyout Program

The delivery carrier says it expects up to $575 million in pretax charge from the buyout plan and intends to cut international capacity at FedEx Express.

 
Rice Brothers Seek CEO Post, Board Shakeup at EQT

Toby and Derek Rice, who sold Rice Energy to EQT, have also gained support of activist shareholder Elliott Management.

 
Volkswagen Supplier to Pay $35 Million Fine in Emissions-Cheating Probe

IAV, a Volkswagen supplier, has agreed to plead guilty and pay a $35 million fine for its role in the German auto giant's emissions-cheating scheme.

 
Regulator Fines Glencore Copper Unit $21.3 Million

Canada's main stock-market regulator issued a record $21.3 million fine to a Glencore-controlled copper-mining company to settle allegations that it misled investors.

 
EQT, KKR Among Potential Bidders for Long Beach Container Terminal

Global investors including EQT Partners and KKR & Co. are looking at bidding for the Long Beach Container Terminal in Southern California, as are seasoned ship operators Seaspan and Hyundai Merchant Marine.

 
Darden Says Diners Are Trading Up Amid Strong Labor Market

A strong labor market is pushing diners at Darden's restaurant chains to splurge, helping overcome weaker traffic at Olive Garden during its latest quarter.

 
Big Pharma Wins Drug Approval in China Ahead of West for First Time

China has approved AstraZeneca and Fibrogen's new anemia drug roxadustat, marking the first time a medicine from a global pharmaceutical company has received the green light there before any other market.

 
Elon Musk's SpaceX Is Raising $500 Million in Funding

Elon Musk's rocket company, Space Exploration Technologies, is set to raise $500 million at a $30.5 billion valuation, in a bid to help get a satellite-internet service off the ground.

(END) Dow Jones Newswires

December 18, 2018 17:15 ET (22:15 GMT)

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