What's News: Business & Finance -- WSJ

02/05/18 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 (February 5, 2018).

Apple Music is on the verge of overtaking Spotify in U.S. paid subscribers, a sign that music streaming's dominant force faces growing competition ahead of its stock offering.

Broadcom plans to raise its offer for Qualcomm to around $120 billion, a move aimed at increasing pressure on the takeover target.

The Fed's move to handcuff growth at Wells Fargo sent a message that boards, not just management, will be held accountable when big banks fail to manage risks.

The stock market's recent selloff crystallizes challenges facing the Fed's new chairman, Jerome Powell, who takes charge Monday.

Some investors worry that lockstep drops in various asset prices offer an ominous signal that could presage deeper declines in markets.

Some health-care firms have complained to JPMorgan about the bank's new health-care partnership with Amazon and Berkshire.

Bon-Ton Stores sought bankruptcy protection, as talks with its debt holders have yet to come to a conclusion.

With about half of the S&P 500 companies having posted fourth-quarter results, roughly 80% have beaten revenue expectations.

Arbitrage is going viral in the digital-currency world, where bitcoin trades on more than 100 exchanges.

SpaceX's Falcon Heavy rocket, slated for its maiden flight Tuesday, faces uncertain commercial prospects.


(END) Dow Jones Newswires

February 05, 2018 02:47 ET (07:47 GMT)

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