Comcast Drops Bid for Fox Assets, Will Pursue Deal for Sky 
 

Comcast said it was dropping its pursuit for most of 21st Century Fox, ending a bidding war with Walt Disney, but said it would continue its pursuit of European pay-TV giant Sky PLC.

 
Microsoft's Revenue Gets Lift From Cloud 
 

The software giant said it topped $100 billion in annual revenue for the first time. Revenue from server products and cloud services rose 26% in the fiscal fourth quarter.

 
Merck to Limit Drug-Price Increases, Cut Some Prices 
 

Merck & Co. said Thursday it will cut U.S. list prices for several of its drugs including the hepatitis C treatment Zepatier, and the company pledged to limit future net price increases.

 
Google Faces Uphill Battle in Appealing EU Android Fine 
 

Google has a tough task appealing its $5 billion fine from the European Union, but the challenge isn't insurmountable.

 
Verizon Reaches New Labor Deal 
 

Verizon Communications reached a tentative four-year agreement with unions representing more than 30,000 workers. It would take effect in 2020.

 
Wells Fargo's Latest Challenge: Refunds for Pet Insurance, Legal Services 
 

Wells Fargo is in the process of refunding tens of millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customers' accounts without their full understanding.

 
Shares in Ad Giants Fall as Publicis Sales Disappoint 
 

Shares in some of the biggest ad companies tumbled after Publicis reported revenue below expectations, heightening investors' concerns.

 
Alcoa Shares Drop As Investors Worry About Tariff Impacts 
 

Shares of Alcoa Corp. fell 13% on Thursday after the aluminum maker said the recently enacted U.S. tariffs are hurting its earnings.

 
U.K. Shows Unease About Huawei Gear 
 

The U.K. government raised new concerns about the use of telecommunications gear from Huawei Technologies, stepping back from previous assertions that the Chinese company's products didn't present a national security threat.

 
Goldman Sachs, Once Closed to Outsiders, Is on a Hiring Spree 
 

Goldman Sachs has brought in 15 outsiders at the elite rank of partner over the past year, the biggest influx of senior executives in two decades.

 
 

(END) Dow Jones Newswires

July 19, 2018 23:00 ET (03:00 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.