What's News: Business & Finance -- WSJ
January 24 2017 - 3:02AM
Dow Jones News
Trump pulled out of the 12-nation Pacific trade deal and
promised to impose a border tax on companies that move some
operations overseas.
A judge blocked the merger of Aetna and Humana on antitrust
grounds, a potentially fatal blow to the $34 billion deal.
Verizon's $4.8 billion deal to buy Yahoo's main business has
been pushed back after Yahoo's two massive data breaches.
U.S. stocks, the dollar and yields on government bonds fell
after Trump said he would shake up trade, taxes and regulation.
Treasurys rallied as some investors cut back their risk
appetite.
Executives at some of the biggest Wall Street banks have sold
nearly $100 million worth of stock since the election.
Sprint will buy one-third of music-streaming service Tidal, the
latest content deal secured by a network provider.
Xioami's global vice president announced his resignation amid
the company's foreign market slump.
Oil prices fell on worries over potentially rising U.S. shale
production.
McDonald's is advancing into new territories in Russia such as
Siberia, where it is competing with other fast-food giants.
Foxconn is considering building a flat-panel screen factory in
the U.S.
(END) Dow Jones Newswires
January 24, 2017 02:47 ET (07:47 GMT)
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