What's News: Business & Finance -- WSJ
June 18 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 (June 18, 2019).
The U.S. campaign against Huawei is taking a toll, with the
company's founder forecasting a hit to revenue of about $30 billion
this year and next.
French billionaire Patrick Drahi is buying Sotheby's for $2.7
billion, ending the auction house's 31-year run as a public
company.
Pfizer agreed to buy Array BioPharma for $10.64 billion, seeking
to expand its cancer-treatment lineup with targeted therapies.
KPMG agreed to pay $50 million to settle SEC allegations of
ethical lapses at the accounting firm.
Amazon's yearslong effort to invade the $130 billion videogame
industry is hitting a rough patch.
A group of five TV-station owners agreed to settle Justice
Department allegations concerning sales of local advertising
spots.
U.S. stocks edged higher ahead of central-bank policy meetings.
The Dow and S&P 500 both rose 0.1%.
Airbus said it would develop its longest-range single-aisle
plane yet, adding pressure on rival Boeing.
GE has to redesign an engine part for Boeing's new 777X
long-haul jet, delaying the plane's first test flight.
The price of bitcoin has topped $9,000 amid a cryptocurrency
rebound.
(END) Dow Jones Newswires
June 18, 2019 02:47 ET (06:47 GMT)
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