The U.S. and China have agreed on the broad outline of a deal to settle the controversy over Chinese telecom giant ZTE Corp., according to people with knowledge of the matter in both countries, as the two sides work toward an agreement to ease trade tensions. The details are still being hammered out, the people → Read More
The New York Stock Exchange is set to get its first female leader in its 226-year history. Stacey Cunningham, the NYSE’s chief operating officer, will become the Big Board’s 67th president, the exchange’s parent Intercontinental Exchange Inc. ICE, +1.13% told The Wall Street Journal. She will start her new role Friday, succeeding Thomas Farley, → Read More
PayPal Holdings Inc. is in a far different place than it was two years ago at its first analyst day, but its story remains controversial. Last time around, PayPal PYPL, +0.57% had been a standalone company for about a year but its stock had gone nowhere amid worries about competition from the big banks and → Read More
Asian markets largely fell in early trading Tuesday, despite gains on Wall Street and signs of easing trade tensions between the U.S. and China. Read More
Like a victorious wrestler preening on the top rope, shares of World Wrestling Entertainment Inc. climbed more than 12% Monday following a report that the entertainment giant had snagged a five-year television deal with Fox worth more than $1 billion. Read More
Sony Corp. has agreed to buy Mubadala Investment Co.’s stake in EMI Music Publishing, which owns or administers over 2 million songs. Sony SNE, -0.43% 6758, -1.15% expects to pay total cash consideration of about $2.3 billion and will assume EMI Music Publishing’s gross debt, which was about $1.36 billion at March 31. In 2012, → Read More
Adobe Systems Inc., the elder software-business statesman behind photo-editing software Photoshop and PDF reader, is buying e-commerce firm Magento Commerce for $1.68 billion, adding a key piece to its platform. The acquisition — which would put Adobe ADBE, +0.00% head-to-head with the likes of Salesforce.com — presents a revenue opportunity of some $13 billion, → Read More
A senior economist at the Vanguard Group, the $5 trillion investment fund, is the latest market participant to pour cold water on the No. 1 digital currency. In an op-ed Monday, Joe Davis said bitcoin BTCUSD, -0.09% is not a currency, it makes for a poor investment choice and its biggest threats are the → Read More
President Donald Trump’s personal lawyer helped a major donor to Trump’s inauguration pitch a nuclear-power investment to the Qatari sovereign wealth fund at a meeting in April, according to people familiar with the matter. The donor, Franklin L. Haney, is seeking to complete a pair of unfinished nuclear reactors in Alabama known as the Bellefonte → Read More
In the wake of a tough few years for the U.S. Postal Service, the agency has come up with a new way to stay relevant: popsicle-scented, scratch-and-sniff stamps. Courtesy U.S. Postal Service The post office announced Monday that it would begin selling the stamps, called Frozen Treats Forever, next month. Each of the stamps features → Read More