What's News: Business & Finance -- WSJ
August 07 2019 - 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 (August 7, 2019).
U.S. stocks recouped some losses after China backed off from a
further escalation in the country's trade and currency dispute with
Washington. The Dow, S&P 500 and Nasdaq all rose at least
1.2%.
Disney's profit fell short of analysts' expectations, marred by
the performance of some high-profile assets acquired in the Fox
deal.
Barneys' chapter 11 filing is a blow to Richard Perry, whose
hedge fund gained control of the luxury department-store chain in
2012.
Dish's Ergen defended the company's expansion into phone service
amid questions about how the firm will pay for its wireless
ambitions.
Care.com's Marcelo said she would step aside as CEO and move to
a new role as executive chairman.
Wynn Resorts said revenue increased at all its hotel and casino
properties in the latest quarter.
China's Tencent is negotiating to buy 10% of Universal Music
from Vivendi for about $3.36 billion.
The FDA said "data manipulation" took place during company
studies of gene therapy Zolgensma, made by Novartis unit
AveXis.
Amazon's foray into the pharmacy business is causing clashes
with entrenched industry incumbents.
Mastercard said it agreed to buy the majority of the
corporate-services businesses of payment-services provider Nets for
$3.19 billion.
(END) Dow Jones Newswires
August 07, 2019 02:47 ET (06:47 GMT)
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