What's News: Business & Finance -- WSJ
05 Februar 2018 - 9:02AM
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 5, 2018).
Apple Music is on the verge of overtaking Spotify in U.S. paid
subscribers, a sign that music streaming's dominant force faces
growing competition ahead of its stock offering.
Broadcom plans to raise its offer for Qualcomm to around $120
billion, a move aimed at increasing pressure on the takeover
target.
The Fed's move to handcuff growth at Wells Fargo sent a message
that boards, not just management, will be held accountable when big
banks fail to manage risks.
The stock market's recent selloff crystallizes challenges facing
the Fed's new chairman, Jerome Powell, who takes charge Monday.
Some investors worry that lockstep drops in various asset prices
offer an ominous signal that could presage deeper declines in
markets.
Some health-care firms have complained to JPMorgan about the
bank's new health-care partnership with Amazon and Berkshire.
Bon-Ton Stores sought bankruptcy protection, as talks with its
debt holders have yet to come to a conclusion.
With about half of the S&P 500 companies having posted
fourth-quarter results, roughly 80% have beaten revenue
expectations.
Arbitrage is going viral in the digital-currency world, where
bitcoin trades on more than 100 exchanges.
SpaceX's Falcon Heavy rocket, slated for its maiden flight
Tuesday, faces uncertain commercial prospects.
(END) Dow Jones Newswires
February 05, 2018 02:47 ET (07:47 GMT)
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