SoftBank Unit's Shares Slide Nearly 15% After $24 Billion IPO 
 

SoftBank's Japanese mobile-phone unit, which launched one of the biggest public share offerings in recent years, made a disappointing debut as investors worried about a price war and the company's reliance on Chinese supplier Huawei Technologies.

 
Pfizer and Glaxo to Combine Consumer-Health Businesses 
 

Pfizer and GlaxoSmithKline plan to combine their consumer-health units, and may spin the joint venture off-creating a global giant selling drugstore staples like Advil and Sensodyne toothpaste.

 
Micron Cuts Plans for Spending, Chip Production 
 

The memory-chip maker's profit rose 23% in the most recent quarter, but a tepid outlook on earnings sent the stock down 9% in after-hours trading.

 
Micron Brings Back Painful Memories 
 

In keeping with the Christmas spirit, Micron just delivered investors a lump of coal-one that looks likely to last well into the new year.

 
Bristol-Myers to Sell French Unit to Japan's Taisho for $1.6B 
 

Bristol-Myers Squibb said it has received a $1.6 billion offer for its French consumer-health unit from Japan's Taisho Pharmaceutical.

 
CVC Seeks Buyers for Asian Funeral Group Nirvana 
 

A deal for Asia's largest death-services provider by revenue could be worth $1.5 billion to $2 billion.

 
Tucker Carlson Faces Advertising Boycott Over Immigration Comments 
 

Companies continued to pull commercials from Fox News program "Tucker Carlson Tonight" after the show's host said on-air that certain immigrants were making the U.S. "dirtier and more divided."

 
CBS Shifts to Hunt for Next CEO 
 

Tom Staggs, the former operating chief of Walt Disney, has emerged as a top candidate for the chief executive job at CBS, as the network looks to turn the page on months of uncertainty and upheaval since the departure of Leslie Moonves.

 
CVS Urges Judge Not to Halt Integration of Aetna 
 

A federal judge softened his previous suggestion that he would likely issue a court order requiring CVS Health to halt its integration of newly acquired insurer Aetna, citing CVS's pledges to keep certain aspects of Aetna's operations separate for now.

 
FedEx Starts Buyout Program as Express Struggles 
 

The delivery carrier says it expects a pretax charge of up to $575 million from the buyout plan and that it intends to cut international capacity at FedEx Express, where performance has weakened.

(END) Dow Jones Newswires

December 19, 2018 05:00 ET (10:00 GMT)