What's News: Business & Finance -- WSJ
January 27 2017 - 3:02AM
Dow Jones News
Verizon Communications is exploring a combination with cable
firm Charter Communications, a move that would unite two giants in
search of growth.
J&J agreed to acquire Actelion for $30 billion in an unusual
deal that will spin out the Swiss biotech 's drug-discovery
operations.
Google parent Alphabet said fourth-quarter revenue increased
nearly three times as fast as profit, as it cast about for new
sources of growth.
Workers at car plants in the U.S. are reaping the benefits of
America's increasing demand for high-margin pickups and SUVs.
U.S. new-home sales posted a steep drop in December, an
indication affordability challenges are beginning to cut into
demand.
A rise in yields on German government bonds is a sign investors
are gaining faith that Europe's economy is finally on an
upswing.
China's Ant Financial, which is controlled by Alibaba's Jack Ma,
unveiled a deal to buy U.S. money-transfer provider MoneyGram.
The Dow rose 32.40 to a record 20100.91, extending gains a day
after crossing 20000 for the first time.
Microsoft posted big gains in its web-based, on-demand computing
business, emerging as the stiffest competitor to Amazon's cloud
unit.
Intel's quarterly profit slipped 1.4% despite solid sales
growth, as the company invested heavily.
(END) Dow Jones Newswires
January 27, 2017 02:47 ET (07:47 GMT)
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