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What's News: Business & Finance -- WSJ

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08/01/2020 | 02:48am EDT

Microsoft is in advanced talks to acquire the U.S. operations of the Chinese-owned video app TikTok in a deal that would be a concession to White House pressure and make the software giant a player in social media.

Big oil companies endured one of their worst second quarters and are positioning themselves for prolonged pain amid the coronavirus pandemic.

A group of buyout investors is considering a takeover bid for railroad operator Kansas City Southern that could be valued at more than $21 billion.

A surge in Kodak's stock has turned a bunch of money-losing executive stock-option grants into a sudden windfall for the company's executive chairman.

Wells Fargo unloaded hundreds of millions of dollars of assets during this spring's market collapse to stay out of trouble with the Federal Reserve.

U.S. stocks rose Friday, with the S&P 500 and Dow gaining 0.8% and 0.4%, respectively, while the Nasdaq advanced 1.5%.

James Murdoch has resigned as a News Corp director, citing disagreements over editorial content and other strategic decisions.

 

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 1.30% 27791.44 Delayed Quote.-3.87%
NASDAQ 100 -0.49% 11085.167907 Delayed Quote.27.55%
NASDAQ COMP. -0.39% 10968.356828 Delayed Quote.22.72%
S&P 500 0.27% 3360.47 Delayed Quote.4.01%
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Technical analysis trends S&P 500
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Top / Flop S&P 500
MGM RESORTS INTERNATIONAL 21.65 Delayed Quote.13.77%
WYNN RESORTS 81.48 Delayed Quote.9.96%
UNITED CONTINENTAL HOLDINGS, INC. 37.54 Delayed Quote.9.35%
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FISERV, INC. 99.34 Delayed Quote.-4.40%
MARKETAXESS HOLDINGS INC. 482.67 Delayed Quote.-5.02%
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