What's News: Business & Finance -- WSJ

Features Dow Jones Newswires

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 (December 13, 2017).

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Westfield agreed to a $15.7 billion takeover by European giant Unibail, the latest move by mall owners to join forces as their tenants reel from the growth of e-commerce.

Oil inventories in the industrialized world -- a proxy for the world-wide glut -- have dropped to a two-year low.

Saudi Aramco unveiled a plan to invest more than $40 billion a year in projects over the next decade.

GE recently conducted an internal review of the flying of a spare jet to accompany Immelt when he was CEO.

Insured losses from natural disasters could set a record this year as a result of the California wildfires.

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Bitcoin's surge has been driven by millions of individual investors in Asia.

Passport is closing its main hedge fund to focus only on cryptocurrencies.

The S&P 500 and the Dow set records, buoyed by shares of banks and other financial firms. The blue chips rose 118.77 points to 24504.80.

A blast at a gas hub in Austria led to a state of emergency in Italy and the highest U.K. gas prices in three years.

Facebook plans to book more revenue in countries where it sells ads, bending to foreign pressure.

The SEC named five new PCAOB members, overhauling the audit regulator.

Toshiba and Western Digital agreed to settle a dispute over Toshiba's planned sale of its memory-chip unit.

(END) Dow Jones Newswires

December 13, 2017 02:47 ET (07:47 GMT)