BUD Anheuser Busch Inbev SA NV

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 (July 20, 2019).

Fed officials signaled they are ready to lower interest rates by a quarter-percentage point later this month while indicating the potential for additional reductions, despite the recent surge in market expectations of a half-point cut.

Stocks wavered in the past week and fell Friday. The Dow, S&P 500 and Nasdaq lost 0.3%, 0.6% and 0.7%, respectively, on the day.

AB InBev agreed to sell its Australian unit to Japan's Asahi, as the world's biggest brewer tries to reduce its heavy debt load.

Equifax is nearing a deal to pay around $700 million to settle a slew of state and federal investigations into a massive 2017 data breach.

PepsiCo has agreed to buy South Africa's Pioneer Foods for $1.7 billion, looking to build up its business in sub-Saharan Africa.

Icahn stepped up his effort to replace four directors at Occidental, alleging its board mismanaged a $38 billion deal to buy Anadarko.

BlackRock's assets rose to $6.8 trillion in the second quarter, but profit was damped by price pressures.

Medallia surged about 76% in its trading debut, marking another strong start in the 2019 IPO market.

(END) Dow Jones Newswires

July 20, 2019 02:47 ET (06:47 GMT)

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