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07/19/2019 | 07:16am EDT
BlackRock's Cash Engine Gets Boost, but Its Profit Falls 

Investors increased the flood of cash flowing into money-management giant BlackRock in the last quarter. But the firm saw profits fall 6.5% from the comparable quarter a year earlier.

Pepsi Expands in Africa With $1.7 Billion Deal 

PepsiCo has agreed to pay $1.7 billion to buy South Africa's Pioneer Foods, as the beverage giant looks to expand and accelerate its growth in sub-Saharan Africa.

Budweiser Brewer to Sell Australian Unit to Japan's Asahi 

Anheuser-Busch InBev agreed to sell its Australian unit for $11.3 billion, including debt, as it pushes forward with an effort to sell assets and pare debt after pulling an initial public offering of its Asia-Pacific businesses.

Carl Icahn Takes Steps to Replace Four Occidental Petroleum Directors 

The billionaire investor says the energy company's board mismanaged its deal to acquire rival Anadarko Petroleum.

A Prescription for Pain at the American Drugstore Chain 

A surge in online drug sales could pose a threat to CVS, Walgreens and Walmart

Blackstone Closes $14 Billion Permanent Infrastructure Fund 

The new fund has "the equity to do things that others can't," said a person familiar with the fund.

Boeing Plans $5 Billion Charge to Compensate 737 MAX Customers 

Boeing will set aside about $5 billion to compensate airlines which have suffered because of the prolonged grounding of the 737 MAX plane.

Gannett Closes In on Deal to Combine With GateHouse Media 

USA Today publisher Gannett is nearing a deal to combine with rival GateHouse Media, a move that would join the nation's two largest newspaper groups by circulation.

Acacia Agrees to Increased Barrick Buyout 

Acacia Mining soared after it agreed to a buyout of its minority shareholders by majority-owner Barrick Gold in a deal valuing the company at GBP951 million.

Investor Offers to Buy Another 3% of Aston Martin 

Aston Martin's biggest shareholder has offered to buy another 3% stake in the luxury car maker at GBP10 each, which would take its overall investment to almost 34%.

Stocks mentioned in the article
ChangeLast1st jan.
ACACIA MINING 0.56% 249.4 Delayed Quote.36.06%
ANADARKO PETROLEUM 0.78% 72.77 Delayed Quote.65.99%
ANHEUSER-BUSCH INBEV 1.33% 85.63 Delayed Quote.48.41%
ASAHI CO., LTD. -0.33% 1209 End-of-day quote.-11.04%
ASAHI GROUP HOLDINGS LTD 0.69% 4814 End-of-day quote.14.65%
ASAHI HOLDINGS INC -0.86% 2181 End-of-day quote.-1.67%
BARRICK GOLD CORP -0.45% 24.38 Delayed Quote.32.28%
BLACKROCK INC 2.48% 419.46 Delayed Quote.4.20%
BLACKSTONE GROUP LP End-of-day quote.
BOEING COMPANY (THE) 0.75% 330.45 Delayed Quote.1.71%
CVS GROUP PLC 0.23% 868 Delayed Quote.31.22%
GANNETT CO INC 0.20% 9.85 Delayed Quote.15.47%
ICAHN ENTERPRISES LP 1.66% 68.52 Delayed Quote.20.04%
OCCIDENTAL PETROLEUM CORPORATION 1.39% 44.57 Delayed Quote.-28.38%
PEPSICO 0.80% 131.76 Delayed Quote.18.32%
WALMART INC. 0.27% 112.99 Delayed Quote.21.30%
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