News Highlights : Top Company News of the Day

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07/12/2018 | 07:15 pm


Walmart in Talks to Move Credit-Card Partnership to Capital One



Walmart is talking to Capital One about taking over its store credit card, a potential blow to current issuer Synchrony Financial.




Fox Gets U.K. Approval to Buy Sky Amid Comcast Bidding War



The U.K. government won't oppose a bid by Rupert Murdoch's 21st Century Fox to consolidate ownership of Sky, removing the last regulatory hurdle for Fox as it battles it out with Comcast for the British broadcaster.




JPMorgan Whistleblower Set to Get Largest Payout from CFTC



A whistleblower who alerted regulators to conflicts of interest at JPMorgan Chase will get $30 million from the Commodity Futures Trading Commission, the largest CFTC payout to a tipster to date.




Papa John's Stock Soars After Chairman's Exit



Papa John's independent directors have accepted the resignation of John Schnatter as board chairman, after he admitted to using a racial slur in a conference call. The pizza chain's stock jumped on the news.




Abraaj Liquidators Unable to Find Key Financial Statements



In a report to a court, the liquidators say they have been unable to find key financial statements for the troubled private-equity firm and have identified what they consider unusual borrowing practices.




Bustle Owner Bryan Goldberg Wins Bankruptcy Auction for Gawker.com



A holding company owned by Bryan Goldberg, the founder of Bleacher Report and Bustle, has been picked as the successful bidder for Gawker, according to people familiar with the matter.




What to Watch in JPMorgan's Earnings



The largest bank by assets in the U.S., run by CEO James Dimon, is expected to report improving results Friday.




Delta to Trim Flights as Fuel Prices Rise



Delta Air Lines said it will boost fares and add fewer flights than planned as carriers contend with a surge in fuel prices amid a record stretch of profits.




Indonesia Moves Closer to Taking Controlling Stake in Freeport Mine



Indonesia, Freeport-McMoRan and Rio Tinto announced a tentative $3.85 billion agreement to give Jakarta majority control of the world's second-biggest copper mine, potentially advancing a deal amid a yearslong conflict that has spooked mining investors and threatened metal supplies.




South Korea Regulator Says Samsung BioLogics Violated Accounting Rules



Samsung BioLogics intentionally breached accounting rules, South Korean financial regulators said, triggering a suspension in aftermarket trading of the drugmaker's shares.






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