What's News: Business & Finance -- WSJ
May 15 2017 - 3:02AM
Dow Jones News
Mutual funds lost as much as $5.4 billion over the past five
years from soured investments in Puerto Rico bonds, a Journal
analysis found.
Chinese banks are gaining ground on Wall Street rivals in the
market for underwriting Chinese companies' overseas debt deals.
Media firms are racing to be included in new "skinny" streaming
bundles as consumers ditch pay-TV at a record pace.
Lyft and Waymo, the driverless car division of Alphabet, said
they would work together on self-driving auto technology.
Bondholders would turn to Citgo if Venezuela were to default,
but the state-owned firm doesn't have enough assets to go
around.
Gas exporter Cheniere saw its shares surge on news of a new U.S.
trade plan with China.
Jet makers Boeing and Airbus are catering to budget airlines as
their growth continues to outpace legacy carriers.
Western Digital filed a request for binding arbitration in its
contract dispute with Toshiba.
China's economic activity slowed in many sectors in April after
a strong start to the year, a possible early sign of softness.
(END) Dow Jones Newswires
May 15, 2017 02:47 ET (06:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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