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Time Inc. Explores Sale of U.K. Magazine Division 
 

Time Inc. has hired an investment bank to explore a possible sale of its Time Inc. UK division and is in early-stage discussions with potential buyers, according to a person familiar with the situation.

 
Fox Faces Lawsuit From Former Executive Accused of Sexual Assault 
 

Francisco Cortes, a former Fox News executive who left the company after being accused of sexual assault and harassment by an on-air contributor, has sued the channel's parent, 21st Century Fox, alleging fraud and breach of contract.

 
U.S. Audit Regulator Sanctions Hong Kong-Based Accounting Firm 
 

The U.S. government's audit regulator has barred the Hong Kong affiliate of accounting firm Crowe Horwath from auditing U.S.-traded companies after the firm refused to cooperate with the regulator's investigation of its work for a Chinese company.

 
Citigroup Aims High With Profit, Capital-Return Targets 
 

Citigroup led bank stocks higher Tuesday after telling investors it is aiming for $60 billion or more in capital returns to shareholders through 2020 and that it hopes in coming years to earn $20 billion annually.

 
Investors Buy Wal-Mart Neighborhood Grocery Sites in the South 
 

Investors have been pulling back from retail real estate lately as online shopping continues to encroach on brick-and-mortar locations. But investors are still hungry for one category of retail property: grocery stores.

 
AMD's New Chips Are Stacking Up 
 

Strong results from the heavily shorted chip maker should calm some nerves.

 
Celgene Settles Lawsuit Over Improper Promotion of Cancer Drugs 
 

Drugmaker Celgene Corp. agreed to pay $280 million to the U.S. and many state governments to settle a former sales manager's lawsuit accusing the company of improperly promoting two cancer drugs and causing false reimbursement claims to be submitted to federal and state health-insurance programs.

 
AT&T's Profit Rises as Customers Bundle Services 
 

AT&T kept losing phone and TV subscribers in its core U.S. market but enjoyed a more profitable second quarter, thanks to customers with bundled services.

 
Trump Says Apple CEO Has Promised to Build 3 Plants in U.S. 
 

President Donald Trump on Tuesday said in an interview that Apple Inc. Chief Executive Tim Cook has committed to build three big manufacturing plants in the U.S., a surprising statement that would help fulfill his administration's economic goal of reviving American manufacturing.

 
Blue Apron Co-Founder to Step Aside as Operating Chief 
 

Blue Apron said co-founder Matthew Wadiak will step down as chief operating officer and serve as a senior adviser to the food-delivery startup

(END) Dow Jones Newswires

July 25, 2017 23:15 ET (03:15 GMT)

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