What's News: Business & Finance -- WSJ
29 June 2017 - 08:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the US print
edition of The Wall Street Journal (June 29, 2017).
Big U.S. banks plan to boost dividend payouts and share buybacks
after the Fed approved capital plans for all 34 firms taking part
in stress tests.
Berkshire is on track to become Bank of America's top
shareholder after the lender received permission to increase its
dividend.
Central-bank officials left investors with mixed impressions
about stimulus plans, roiling currencies and bond markets.
Sycamore agreed to buy Staples for about $6.9 billion, a bold
bet on a firm whose sales have been shrinking.
A U.K. regulator blasted the nation's asset-management industry
and called for remedies to drive competition and performance.
Booming demand for passive investments is making ETFs an
increasingly crucial driver of share prices.
Blue Apron stumbled in its IPO, a caution to firms seeking to
live up to private valuations in the public markets.
Tech and bank shares rallied, leading broad gains in U.S.
stocks. The Dow rose 143.95 points to 21454.61.
Nestlé may be cutting back on its packaged-food business after
the company outlined a strategic shift.
Global firms scrambled to cope with fallout from a cyberattack
on computers in Europe and the U.S.
ABC News settled a defamation suit brought by the maker of a
meat product that critics called "pink slime."
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This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the US print
edition of The Wall Street Journal (June 29, 2017).
Big U.S. banks plan to boost dividend payouts and share buybacks
after the Fed approved capital plans for all 34 firms taking part
in stress tests.
Berkshire is on track to become Bank of America's top
shareholder after the lender received permission to increase its
dividend.
Central-bank officials left investors with mixed impressions
about stimulus plans, roiling currencies and bond markets.
Sycamore agreed to buy Staples for about $6.9 billion, a bold
bet on a firm whose sales have been shrinking.
A U.K. regulator blasted the nation's asset-management industry
and called for remedies to drive competition and performance.
Booming demand for passive investments is making ETFs an
increasingly crucial driver of share prices.
Blue Apron stumbled in its IPO, a caution to firms seeking to
live up to private valuations in the public markets.
Tech and bank shares rallied, leading broad gains in U.S.
stocks. The Dow rose 143.95 points to 21454.61.
Nestlé may be cutting back on its packaged-food business after
the company outlined a strategic shift.
Global firms scrambled to cope with fallout from a cyberattack
on computers in Europe and the U.S.
ABC News settled a defamation suit brought by the maker of a
meat product that critics called "pink slime."
(END) Dow Jones Newswires
June 29, 2017 02:47 ET (06:47 GMT)
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