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What's News: Business & Finance — WSJ

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 (December 6, 2019).

Aramco priced its initial public offering at the high end of the targeted range to give the oil giant a total value of $1.7 trillion in the world's biggest-ever IPO.

OPEC agreed to deepen curbs on crude output by about 40% next year, cartel officials said, as Saudi Arabia pushes for higher prices.

BlackRock executive Mark Wiseman was ousted from the firm for failing to disclose a relationship with an employee under his reporting line.

Ride-hailing firm Uber said it received 5,981 reports of sexual assault involving U.S. passengers or drivers during 2017 and 2018.

United Airlines said Oscar Munoz will step down as CEO. Scott Kirby, the company's president, will assume the top job in May.

Japan's cabinet approved a $120 billion stimulus program, the country's largest in more than three years, citing global economic risks.

GM and LG Chem plan to build a factory in Ohio that would be among the world's biggest plants producing battery cells for electric cars.

Stocks edged higher in subdued trading. The Dow and S&P 500 gained 0.1% and 0.2%, respectively.

The House passed a bill that explicitly defines and bans insider trading.

Britain's top financial cop said it is investigating Glencore for alleged bribery.

Italy is demanding $1.6 billion in unpaid taxes from Fiat Chrysler.

 

(END) Dow Jones Newswires

December 06, 2019 02:47 ET (07:47 GMT)

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