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 21, 2018).

Tesla's tumultuous year has fueled concern among some suppliers about the electric-car maker's financial strength, after production of the Model 3 drained some of its cash.

PepsiCo agreed to buy seltzer-machine maker SodaStream for $3.2 billion, the company's latest move to broaden its offerings.

Tyson Foods struck a deal to acquire Keystone Foods, a top meat supplier to McDonald's and other chains, for $2.16 billion.

France's Total is having difficulty unloading its stake in a $5 billion natural-gas project in Iran to a Chinese partner.

ConocoPhillips and Venezuela's PdVSA agreed on a payment plan over a $2 billion arbitration award for the U.S. company.

The Dow rose 89.37 points to 25758.69, its highest level since early February. The S&P 500 and the Nasdaq also notched gains.

Some CPAs are opposing a move to allow people from outside their ranks to be credentialed to help firms value complex assets.

Farfetch filed plans for an IPO, looking to seize on optimism about the surge in luxury online retailing.

Lannett shares plunged 60% after it said a distribution pact with a supplier won't be renewed.

Merrill Lynch will pay $8.9 million to settle charges it failed to disclose a conflict of interest, the SEC said.

(END) Dow Jones Newswires

August 21, 2018 02:47 ET (06:47 GMT)

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