What's News: Business & Finance -- WSJ
September 19 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 (September 19, 2019).
The Fed voted to pare rates by a quarter point to cushion the
economy. Powell left the door open to additional cuts, but
officials were split over Wednesday's decision and the outlook for
further reductions.
U.S. stocks wobbled, then staged a late-session rebound after
the central bank's meeting. The Dow ended 0.1% higher.
AT&T is exploring parting with its DirecTV unit, a sharp
reversal from CEO Stephenson's strategy to make the satellite
provider a key piece of AT&T's future.
Funds that track broad U.S. equity indexes hit $4.27 trillion in
assets as of Aug. 31, topping stock-picking rivals in a monthly
reporting period for the first time.
FedEx shares plunged 13% after the company's global Express
business showed its vulnerability to trade disruptions.
Comcast is making its streaming device available free of charge
to its internet-only customers, a bid to capitalize on its
expanding broadband customer base.
The U.K. halted the $5 billion sale of defense firm Cobham to an
American investor on national security grounds, pending further
review.
Equifax will soon give consumers the option to let lenders
review their electric, phone and cable payment information.
Huawei has been suspended from membership in a global trade
group that deals with cybersecurity issues.
(END) Dow Jones Newswires
September 19, 2019 02:47 ET (06:47 GMT)
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