What's News: Business & Finance -- WSJ

02/06/18 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 6, 2018).

The Dow posted a record point decline, and stock indexes in the U.S., Europe and Asia gave up their gains for the year. The blue chips ended down 1,175.21 points, or 4.6%, at 24345.75.

Volatility roared back into the stock market Monday, with the VIX index of price swings posting a record one-day increase.

Broadcom made a sweetened bid for Qualcomm that valued the chip firm at $121 billion, but investors were wary it can seal a deal.

Lululemon said its CEO resigned and that he had fallen short of the company's standard of conduct.

Samsung's de facto head was freed from prison after a South Korean court cut his sentence for corruption.

Banks are shutting branches at a record pace as they leave less profitable areas and teller use declines.

Sunday's Super Bowl was the least-watched since 2009, with viewership falling 7.1% from last year.

Wells Fargo shares slid 9.2% following Friday's Fed enforcement action that limits the bank's growth.

Wynn set up a firm to handle a $7.5 million payment to a woman who accused him of forcing her to have sex.

Kroger is selling its convenience-store business to privately held U.K.-based EG for $2.15 billion.

Lawyers for Uber and Alphabet's Waymo faced off as a legal battle over driverless-car technology began.

 

(END) Dow Jones Newswires

February 06, 2018 02:47 ET (07:47 GMT)

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