What's News: Business & Finance -- WSJ
July 22 2016 - 03:03AM
Dow Jones News
Roger Ailes resigned as Fox News chairman and chief executive in
the wake of a sexual-harassment scandal. Rupert Murdoch will assume
the posts.
J.P. Morgan is expected to pay some $200 million to settle
probes into whether it tried to win deals by hiring Chinese
officials' children.
The Justice Department sued to block Anthem's proposed
acquisition of Cigna and Aetna's planned merger with Humana.
General Motors posted its best financial quarter in the seven
years since emerging from bankruptcy.
Goldman plans to begin marketing a corporate buyout fund of
between $5 billion and $8 billion.
Airlines on both sides of the Atlantic are being hurt by
plunging fares, terror fears and currency swings.
Swiss officials are seizing art work from Malaysia's Low
allegedly bought with money stolen from 1MDB.
Liberty Media's CEO, whose firm controls Sirius XM, recently
floated an offer to acquire Pandora.
U.S. stocks fell, snapping a nine-day winning streak. The Dow
shed 77.80 points to close at 18517.23.
Theranos said it hired two executives and formed a new committee
focused on quality and regulatory control.
Amazon and Wells Fargo entered into a partnership to offer
interest-rate discounts on student loans.
(END) Dow Jones Newswires
July 22, 2016 02:48 ET (06:48 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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