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Sinclair Broadcast to Buy Tribune Media for $3.9 Billion

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TV station owner Sinclair Broadcast Group Inc. said Monday it is acquiring Tribune Media Co. for $3.9 billion, combining two of the nation's biggest operators of local television stations.

Coach to Buy Rival Kate Spade for $2.4 Billion

Coach agreed to buy fellow handbag retailer Kate Spade for about $2.4 billion as the purse maker seeks to tap younger consumers when growth in the handbag market has stalled.

Goldman Makes Biggest Investment Bank Leadership Changes in Decade

Goldman Sachs is making the biggest changes in a decade to the leaders atop its investment-banking division, which advises companies on mergers and capital raises.

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Microsoft Cortana-Powered Speaker Challenges Amazon's Echo With Skype Calls

Microsoft is hoping to challenge's Echo smart speaker for a spot on the kitchen counter with a device from Samsung that can make phone calls.

Pandora Reviews Options as KKR Makes $150 Million Investment

Pandora Media said it is reviewing strategic options, including a potential sale of the company, and said private-equity firm KKR & Co. agreed to make a $150 million investment to shore up its balance sheet.

Restaurant Slowdown Slices Tyson's Earnings

Slower restaurant sales are making it harder for Tyson Foods to sell pizza toppings and processed meats, sending earnings in the meat giant's prepared foods division down 29% in the most recent quarter.

Parexel International Explores Sale

Drug-research services provider Parexel International Corp. is exploring a sale, according to people familiar with the matter.

Renaissance Dissident Sues Robert Mercer for Wrongful Discharge

Former Renaissance Technologies executive David Magerman has sued the hedge fund's co-chief executive officer Robert Mercer for wrongful discharge.

Big Investor Pulls Support for Bombardier Chairman

Quebec's big pension fund is opposing the re-election of Bombardier Inc. Executive Chairman Pierre Beaudoin, signaling a new level of investor activism at the ailing aerospace company.

On Deck Capital to Focus on Turning a Profit

On Deck Capital Inc. said Monday it is throttling back its growth plans and cutting more jobs as the lender tries to post profits in the second half of 2017.

(END) Dow Jones Newswires

May 08, 2017 19:15 ET (23:15 GMT)