What's News: Business & Finance -- WSJ
June 20 2017 - 3:02AM
Dow Jones News
UPS plans to charge extra fees for deliveries during peak
holiday weeks, creating a new challenge for the retail
industry.
The oil industry and investors are adapting to the idea of a
longer period of cheaper crude, three years after prices began a
rapid descent.
EQT agreed to buy Rice Energy for $6.7 billion, the latest
tie-up between energy producers suffering from low oil and gas
prices.
Tech stocks posted their biggest gain of 2017, leading the
S&P 500 and Dow to new highs. The blue chips jumped 144.71
points to 21528.99.
The Whole Foods deal came together so rapidly that Amazon's
strategy for the acquisition is said to be still largely in the
air.
Citigroup's Corbat faces a growing consensus that now is the
time for the bank to change its narrative.
Billionaire Li Ka-shing has told associates he plans to step
down as chairman of CK Hutchison by next year.
Sen. Warren urged the Fed to oust a dozen Wells Fargo directors
who served during the sales scandal.
The FTC plans to file a lawsuit to block the merger of fantasy
sports companies DraftKings and FanDuel.
Paulson joined Valeant's board, a sign that the investor remains
bullish on the drugmaker's prospects.
Time Warner's Turner and Warner Bros. will create original shows
for Snapchat under a $100 million deal.
(END) Dow Jones Newswires
June 20, 2017 02:47 ET (06:47 GMT)
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