What's News: Business & Finance -- WSJ

Date : 10/08/2018 @ 08:05
Source : Dow Jones News

What's News: Business & Finance -- WSJ

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 10, 2018).

The trust that will control Viacom and CBS when Sumner Redstone dies or is deemed incapacitated places severe restrictions on the trustees' ability to sell the companies.

Viacom's revenue fell, hurt by lower international sales in its filmed-entertainment division.

Economists are raising projections for U.S. economic growth for 2018, but many believe the boom won't last much beyond that.

New York City's curbs on Uber, Lyft and Airbnb show how regulation remains an immense risk for tech stars.

The Nasdaq notched its eighth straight session of gains, shrugging off declines in other major indexes.

Saudi Arabia has pressed independent energy analysts to alter their estimates of its oil production.

A U.S. judge authorized the seizure of Citgo Petroleum to satisfy a Venezuelan government debt.

Tribune terminated its $3.9 billion merger deal with Sinclair and sued the rival TV-station owner.

Rite Aid investors will look to the firm for a new plan to compete after the Albertsons deal was called off.

Third Point is pushing for a sale of Campbell Soup with the help of an heir to the soup company's founder.

Samsung's newest flagship device looks much like last year's model, reflecting slowing innovation in smartphones.

 

(END) Dow Jones Newswires

August 10, 2018 02:50 ET (06:50 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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