What's News: Business & Finance -- WSJ
December 19 2018 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (December 19, 2018).
Oil prices fell to their lowest levels in more than a year,
continuing a precipitous decline spurred by economic uncertainty
and growing global supplies.
U.S. stocks bucked the slide in oil prices, with the Dow rising
0.4% and the Nasdaq gaining 0.5%. The S&P 500 was little
changed.
Consumers' cellphone and utility payments will soon be added to
one of their credit reports, likely boosting the scores of millions
and increasing loan approvals.
Former Walt Disney Chief Operating Officer Tom Staggs has
emerged as a top candidate to become the new chief executive of
CBS.
FedEx said it was starting a voluntary buyout program for some
U.S. workers after profits took a hit.
SpaceX is set to raise $500 million at a $30.5 billion valuation
in a bid to help get its internet-service business off the
ground.
Ghosn's drive to increase Nissan's market share in the U.S.
created tension with the auto maker's management.
Banks received a reprieve from a new accounting rule that
requires them to book losses on soured loans more quickly.
U.K. regulators proposed sweeping changes to the rules governing
British audit firms in the wake of a scandal.
The EU approved plans from France, Germany, Italy and the U.K.
to fund a multibillion-dollar research project in
microelectronics.
(END) Dow Jones Newswires
December 19, 2018 02:47 ET (07:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.