What's News: Business & Finance -- WSJ
August 09 2019 - 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 (August 9, 2019).
An FBI effort to more aggressively monitor social media for
threats sets up a clash with Facebook's privacy policies and
possibly its attempts to comply with a recent FTC settlement.
Facebook is offering news outlets millions of dollars for the
rights to put their content in a news section that the company
hopes to launch this year.
Falling bond yields have pushed mortgage rates to their lowest
level in nearly three years, spurring a rush by homeowners to
refinance.
Uber reported its largest-ever quarterly loss, weighed down by
heavy competition abroad as well as a big expense related to its
IPO.
Kraft Heinz posted falling sales and wrote down the value of its
brands for the second time in six months. Its shares sank nearly
9%.
The Dow rose 1.4% and investors sold safer assets such as bonds
and gold, as China's latest move on the yuan eased currency-war
fears.
Chinese exports rebounded in July, buoyed by shipments to Europe
and Southeast Asia, but economists expect the turnabout to be
short-lived.
Viacom and CBS both reported revenue increases, as the firms are
locked in advanced merger talks.
Broadcom struck a $10.7 billion deal to acquire Symantec's
enterprise security business.
Adidas posted higher quarterly earnings on strong sales in
China, but warned of trade dangers.
(END) Dow Jones Newswires
August 09, 2019 02:47 ET (06:47 GMT)
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