Comcast Corp. dropped its pursuit of 21st Century Fox Inc. ’s entertainment assets, clearing the way for rival Walt Disney Co. to acquire key pieces of Rupert Murdoch’s media empire after the two sides dueled in recent weeks.
Amazon.com Inc. has made it easy for small brands to sell their products to large numbers of customers, but that has also enabled some counterfeiters to cut into their business.
Alcoa Corp. said it would continue to import aluminum from Canada even as it reported $15 million of costs last month for the newly implemented tariffs from its foreign operations, primarily from Canada.
Merck & Co. said Thursday it will cut U.S. list prices for several of its drugs including the hepatitis C treatment Zepatier, and the company pledged to limit future net price increases.
Panasonic Corp., the exclusive supplier of batteries to Tesla Inc., said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier of the metal, reports Reuters.
Verizon Communications Inc. reached a tentative agreement with unions representing more than 30,000 employees on Thursday, a move likely to avoid the work stoppages that have plagued past negotiations.
Kimberly-Clark Corp. is exploring a sale of its European tissue business, as it tries to slash costs and combat slowing sales by exiting less profitable areas, people familiar with the matter told Reuters.
Wells Fargo & Co. is in the process of refunding tens of millions of dollars for products ranging from pet insurance to legal services added to hundreds of thousands of customers’ accounts without their full understanding, according to people familiar with the matter.
For years, Goldman Sachs Group Inc. rarely hired from the outside, guarding its culture with an insularity that, to rivals, bordered on arrogance. Not anymore: Goldman has brought in 15 outsiders at the elite rank of partner over the past year, the biggest influx of senior executives in two decades.
Saudi Arabian Oil Co. said it is in early talks to buy a stake in Saudi Basic Industries Co., one of the world’s largest petrochemical companies, an acquisition that would diversify the state-run oil giant’s business even as its proposed initial public offering remains in doubt.
Medical-testing giant Laboratory Corp. of America is dealing with a broad cyberattack, people familiar with the matter said, the latest breach to disrupt companies that hold sensitive information.
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