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 (February 9, 2018).
The Dow and S&P 500 entered correction territory as concerns about rates and volatility continued to rattle markets. The blue chips plunged 1,032.89 points, or 4.1%, to 23860.46.
Some investors are shedding longer-term corporate bonds as rising yields expose them to a greater risk of losses.
The Bank of England said it is likely to raise rates at a swifter pace than it expected to just several months ago.
Twitter reported its first profitable quarter as a publicly traded company, cutting into expenses while breaking a revenue decline.
Starboard Value is launching a proxy fight to oust the entire board and chief executive of Newell Brands.
Qualcomm rejected Broadcom's sweetened bid of more than $121 billion but opened the door to talks.
Boeing is in talks to buy aerospace parts maker Woodward, underscoring its appetite for takeovers.
Sprint and T-Mobile are signaling they will scale back discounting this year, after a failed bid to combine.
Whole Foods is asking suppliers to pay higher fees for prime shelf space as it tries to boost profits.
Tyson's CEO said rising freight and labor costs will lead to higher meat prices for U.S. consumers.
Viacom said it plans to launch an ad-supported streaming service, as it posted a drop in revenue.
(END) Dow Jones Newswires
February 09, 2018 02:47 ET (07:47 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.