What's News: Business & Finance -- WSJ

11/07/17 02:47 AM EST

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (November 7, 2017).

Broadcom made an unsolicited $105 billion bid for Qualcomm, the chip industry's boldest bet yet that size will equal strength at a time of technological upheaval.

Disney recently held talks to purchase a large chunk of Fox's entertainment businesses, but the discussions ran into an impasse over price and other key terms.

Saudi Arabia's high-profile arrests have raised the stakes for global investors just as the country embarks on a drive to lure foreign capital.

Oil prices surged to more than two-year highs on rising tensions in the Mideast. U.S. crude rose 3.1% to $57.35 a barrel.

Rallying energy shares lifted U.S. stocks to new records. The Dow rose 9.23 points to 23548.42.

Sprint said it would increase spending on its network after merger talks with T-Mobile collapsed.

Qatar Airways is buying a 9.6% stake in Cathay Pacific for $661 million, its latest investment in a global rival.

Valeant will sell Sprout to Sprout ex-shareholders after they said Valeant botched the marketing of a drug.

CVS will offer next-day delivery of prescription drugs as it faces potential competition by Amazon.

Goldman and CIC are joining on a fund to help the Chinese sovereign-wealth fund invest in the U.S.

Intel and AMD are teaming up on a laptop chip to compete with Nvidia.

 

(END) Dow Jones Newswires

November 07, 2017 02:47 ET (07:47 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.