Tencent Music Plans IPO; Valuation Could Exceed $25 Billion 
 

Tencent Music, China's largest music-streaming company, is preparing what would be one of the largest tech IPOs ever following the successful debut of its European counterpart Spotify.

 
Fresenius Ends Deal to Buy Akorn, Which Pledges a Fight 
 

Fresenius on Sunday said it is terminating its $4.3 billion agreement to buy generic-drug maker Akorn, but Akorn said they intend to see the deal go through.

 
Wells Fargo Struggles to Meet an Enforcement-Action Deadline 
 

Wells Fargo is facing more regulatory challenges as it seeks an extension in a deadline to satisfy an enforcement action related to anti-money-laundering controls.

 
U.S.-China Trade War Is Bad News for Google's Expansion 
 

The barring of Chinese smartphone maker ZTE by the U.S. government from working with American companies is an unforeseen challenge for Google in a bid to get its mobile software in the hands of wider swaths of users.

 
Amazon Trades Like a Tech Stock but Pays Like a Warehouse 
 

Median pay at Amazon reveals the predominantly blue-collar nature of its workforce, which sets it apart from tech peers Facebook, Apple and Google-parent Alphabet.

 
Overseas Markets Beckon U.S. Hospital Firms Hungry to Expand 
 

Slower to globalize than many other sectors, the U.S. hospital industry is now looking beyond American borders for deals in Asia and other markets, where it hopes to hedge exposure to domestic pressures.

 
HNA Cuts Stake in Deutsche Bank as It Continues to Unload Assets 
 

HNA Group has cut its stake in Deutsche Bank to 7.9% from 8.8%, as the Chinese conglomerate continues to unload its overseas holdings.

 
Starbucks Lacks Clear Guidance for Employees on Nonpaying Customers 
 

Recent arrests of two nonpaying visitors at a Philadelphia Starbucks have raised questions among some employees about how to handle such situations.

 
Ford CEO's Cost-Cut Plan in Focus During Its Slump 
 

Jim Hackett is trying to make changes. But the auto maker is 'burning a lot of cash in a lot of places,' says one analyst.

 
GM Veteran Joins Race for the Next Tesla 
 

Deep-pocketed investors looking to create the next Tesla are turning to seasoned automotive executives for help making sense of the complicated and capital-intensive car business.

(END) Dow Jones Newswires

April 22, 2018 23:15 ET (03:15 GMT)