What's News: Business & Finance -- WSJ
August 01 2020 - 2:02AM
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 1, 2020).
Microsoft is in advanced talks to acquire the U.S. operations of
the Chinese-owned video app TikTok in a deal that would be a
concession to White House pressure and make the software giant a
player in social media.
Big oil companies endured one of their worst second quarters and
are positioning themselves for prolonged pain amid the coronavirus
pandemic.
A group of buyout investors is considering a takeover bid for
railroad operator Kansas City Southern that could be valued at more
than $21 billion.
A surge in Kodak's stock has turned a bunch of money-losing
executive stock-option grants into a sudden windfall for the
company's executive chairman.
Wells Fargo unloaded hundreds of millions of dollars of assets
during this spring's market collapse to stay out of trouble with
the Federal Reserve.
U.S. stocks rose Friday, with the S&P 500 and Dow gaining
0.8% and 0.4%, respectively, while the Nasdaq advanced 1.5%.
James Murdoch has resigned as a News Corp director, citing
disagreements over editorial content and other strategic
decisions.
(END) Dow Jones Newswires
August 01, 2020 02:47 ET (06:47 GMT)
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