Salesforce, Amgen, Honeywell to Join Dow Jones Industrial Average

The three companies are set to replace Exxon, Pfizer and Raytheon in the index, in changes prompted by Apple's planned four-to-one stock split announced last month. 


 
General Atlantic, Sequoia Are Drivers in Oracle TikTok Bid

Two top investors in TikTok's Chinese parent company are vying to be part of a deal for the U.S. operations of the video-sharing app as it seeks to avoid a ban by the Trump administration, according to people familiar with the talks. 


 
Bank Regulators Clarify Due-Diligence Requirements for Politically Exposed Persons

Banks and financial institutions need to assess money-laundering risks and conduct appropriate due diligence when dealing with foreign public officials and their families or associates, five regulatory agencies said. 


 
Blackstone Makes $2.29 Billion Deal for Japan Drug Business

Blackstone Group is buying the consumer health-care business of Japan's Takeda Pharmaceutical for $2.29 billion, one of the larger private-equity acquisitions in a country where such deals are slowly expanding. 


 
Recent DIP Pricing Shows It's Not Cheap to Go Broke

The Federal Reserve is pushing interest rates to record lows and bankruptcy lenders are cashing in. 


 
Norway's Biggest Private Money Manager Exits From Exxon, Chevron Over Climate Change

Norway's largest private money manager, Storebrand Asset Management, excluded and divested itself of more than two dozen listed companies under its new climate change policy, citing concerns with lobbying, coal and oil sands. 


 
Money Funds Waive Charges to Keep Yields From Falling Below Zero

Many investment firms are waiving charges on money funds to keep the yields that investors earn from dropping below zero-the latest sign of how a $5 trillion piece of the financial system is bracing for new pressure as interest rates plummet. 


 
Ant Group Pushes Ahead With Listing Plans; Investors See Big IPO Gains

When Ant Group goes public later this year, the Chinese financial-technology behemoth will likely earn a stratospheric market valuation that would place it at the top of companies listing globally for the first time. 


 
Recent NY Fed Surveys Offer Hints Into Policy Review Choices

At the Federal Reserve's July policy meeting, Chairman Jerome Powell reiterated a simple message about the future of the central bank's monetary policy, saying "We're not even thinking about thinking about raising rates." 


 
Social Trading Apps Say They Want to Foster Responsible Investing

As more individual investors are trying their hands at stock trading, two new social networks are encouraging them, but with what they say is an emphasis on education and some restrictions.