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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 (September 11, 2019).

Apple unveiled a trio of iPhones with additional cameras and stronger battery life, betting that improvements to familiar features will help enliven flagging sales of the devices.

The administration will require Fannie Mae and Freddie Mac to pay a fee for Treasury Department support before allowing them to retain their earnings, Mnuchin said.

Aramco prepared for a two-part listing on Saudi Arabia's stock market in what would be the kingdom's largest initial public offering.

AT&T promised its Time Warner deal would help the telecom company take on tech giants. With Elliott's disclosed stake, it is under pressure to deliver.

Amazon has agreed to take space in a three-story warehouse, a new type of center that could reduce delivery times in congested cities.

Uber laid off 435 technical employees, the latest downsizing at the company as it faces market pressures to turn a profit.

The Dow extended its winning streak to five days, closing up 0.3%. The S&P 500 gained less than 0.1%. The Nasdaq fell.

GE is giving up majority control of Baker Hughes, selling shares that will raise about $3 billion cash.

Charles Schwab is cutting about 600 jobs as the brokerage deals with the impact of lower interest rates.

 

(END) Dow Jones Newswires

September 11, 2019 02:47 ET (06:47 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.