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What's News: Business & Finance -- WSJ

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07/10/2019 | 02:48am EDT

Boeing is poised to lose its place as the world's largest plane maker to Airbus after a reign of seven years, as its jetliner deliveries fell by more than a third in the first half of 2019.

WarnerMedia's new direct-to-consumer service will become the exclusive streaming home of "Friends," in a blow to Netflix.

IBM closed its roughly $34 billion acquisition of open-source software firm Red Hat, a deal that will help define Rometty's legacy.

PepsiCo posted higher quarterly profit and sales as the firm rolled out new products and stepped up marketing of established brands.

The S&P 500 and Nasdaq broke two-session losing streaks, rising 0.1% and 0.5%, respectively. The Dow fell less than 0.1%.

A top Fed official said the agency's stress tests need to be more predictable and easier for banks to pass.

Representatives of Google, Amazon, Facebook and Apple will testify next week at a hearing before the House antitrust subcommittee.

A federal jury convicted two executives at defunct Platinum Partners of three fraud counts while acquitting them of other charges.

Cisco agreed to buy Acacia, a maker of optical interconnect technologies, for about $2.6 billion.

Marriott faces a potential $124 million fine in the U.K. over a consumer-data breach disclosed in 2018.

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.51% 123.02 Real-time Quote.46.52%
ALPHABET 0.85% 1179.21 Delayed Quote.12.85%
APPLE 2.36% 206.5 Delayed Quote.30.91%
BOEING COMPANY (THE) 0.75% 330.45 Delayed Quote.1.71%
CISCO SYSTEMS 1.54% 46.96 Delayed Quote.6.74%
DJ INDUSTRIAL 1.20% 25886.01 Delayed Quote.10.97%
FACEBOOK 0.61% 183.7 Delayed Quote.40.13%
NASDAQ 100 1.59% 7604.108768 Delayed Quote.18.33%
NASDAQ COMP. 1.67% 7895.993811 Delayed Quote.17.16%
NETFLIX 2.38% 302.8 Delayed Quote.13.13%
PEPSICO 0.80% 131.76 Delayed Quote.18.32%
RED HAT 0.00% 187.71 Delayed Quote.0.00%
S&P 500 1.44% 2888.68 Delayed Quote.13.59%
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GENERAL ELECTRIC COMPANY 8.79 Delayed Quote.9.74%
NVIDIA CORPORATION 159.56 Delayed Quote.7.25%
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