Communications-services rose amid deal activity.
France's Bouygues Telecom, Orange and Free-iliad Group bid roughly $24 billion for Altice Group's French telecommunications operations, a deal that would dismantle a major plank of billionaire Patrick Drahi's once sprawling business empire.
Shares of streaming giant Netflix plunged after Chairman and Co-Founder Reed Hastings said Thursday he would step down from the company's board after his term expires in June.
Swedish telecom equipment giant Ericsson expects networks growth despite reporting a sales drop in North America in the first quarter and warning that the cost of components is rising.
The San Diego Padres are nearing a deal to be sold to private-equity billionaire José E. Feliciano and his wife Kwanza Jones for as much as $3.9 billion, a Major League Baseball record.
QVC Group commenced a voluntary Chapter 11 bankruptcy as part of a restructuring support agreement. QVC Group, owner of the QVC shopping channel, filed for Chapter 11 bankruptcy as part of a restructuring support agreement.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-17-26 1708ET
