What's News: Business & Finance -- WSJ
February 13 2018 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (February 13, 2018).
U.S. stocks advanced for a second consecutive session as
commodity prices stabilized. The Dow climbed 410.37 points, or
1.7%, to end at 24601.27.
Walgreens has made a takeover approach to drug distributor
Amerisource, a move that could help boost the chain's
profitability.
A CME flaw that can help high-speed traders at the expense of
ordinary investors is said to have resurfaced.
General Dynamics said it agreed to buy CSRA for $6.8 billion as
part of the defense contractor's expansion in government IT
services.
A new tax provision could throw off the comparison of a firm's
earnings to cash flow, a traditional way of assessing earnings
quality.
Icahn wants to kill Xerox's deal to cede control to Fujifilm,
opening up what could be a protracted fight.
Wynn Resorts' board hired a law firm with deep ties to the
company to investigate allegations against Steve Wynn.
Steven Cohen's investment firm was accused in a lawsuit by a
female employee of being a sexist work environment.
Fox offered to bolster the editorial independence of Sky's news
operations, aiming to ease approval of its bid.
The White House proposed levying fees on derivatives users to
bolster the CFTC's budget.
Oracle plans to quadruple its number of data centers as it tries
to challenge Amazon's cloud-infrastructure lead.
(END) Dow Jones Newswires
February 13, 2018 02:47 ET (07:47 GMT)
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