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 (July 19, 2018).

The EU hit Google with a record $5 billion antitrust fine and ordered business changes, finding the company abused the dominance of its Android system.

Papa John's founder, who was recently ousted as chairman, held talks to merge the pizza chain with Wendy's.

Money flooding into and out of passive funds can have a very active effect on stock prices, new research says.

AmEx raised its revenue forecast for the year, following a second consecutive quarter of strong results.

Morgan Stanley posted a 39% rise in second-quarter profit, wrapping up earnings for major U.S. banks.

IBM said it generated over half of its quarterly revenue from newer services such as cloud and AI.

Facebook said it will start removing misinformation that could spark violence.

UnitedHealth is among the suitors exploring an acquisition of Tenet's health-care-management unit.

U.S. stocks rose, with the Dow gaining 79.40 points to 25199.29 and the S&P 500 edging up 6.07.

Novartis said it won't raise its U.S. drug prices for the rest of 2018, days after Pfizer took a similar step.

The Justice Department is seeking to fast-track its appeal of the decision allowing AT&T to buy Time Warner.

Samsung is planning to introduce a foldable-screen smartphone next year.

(END) Dow Jones Newswires

July 19, 2018 02:47 ET (06:47 GMT)

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