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WSJ US Business

Below please find daily updates pertaining to the latest in financial, business, and tax news:

WSJ US Business

Comcast No Longer Reviewing Deal For 21st Century Fox Assets

Mon, Dec 11, 2017

Comcast Corp. said it is no longer pursuing a deal to acquire several key media and entertainment assets from 21st Century Fox. ...

Atos Offering $5 Billion for Gemalto

Mon, Dec 11, 2017

French IT services firm Atos SA is making an unsolicited bid to buy smart-card maker Gemalto NV, part of a broader wave of deals in the payment space as rivals join forces to cut costs. ...

Want to See a World Without Net Neutrality? Look at These Old Cellphone Plans

Mon, Dec 11, 2017

With rules governing internet services set to be rolled back, service providers and their detractors are envisioning new models that could translate into a wider range of fees—both lower and higher....

Retailers Help Shoppers Do the Markdown Math

Mon, Dec 11, 2017

Department stores and other retailers have a gift or two for discount-weary holiday shoppers: they have been scaling back overlapping promotions and making price reductions easier for customers to understand....

In New NFL Deal, Verizon Trades Mobile Exclusivity for Rights on Yahoo

Mon, Dec 11, 2017

Verizon Communications will no longer have the exclusive mobile rights to distribute the games to its wireless customers, but the $2 billion deal will expand the partnership to Verizon-owned platforms like Yahoo Sports....

Beijing Develops Plan to Counter Trump Tax Plan

Mon, Dec 11, 2017

Chinese officials are putting in place a contingency plan to combat consequences for China of U.S. tax changes as well as expected interest-rate increases by the Federal Reserve. ...

Treasury Says GOP Economic Agenda Would Pay for Tax Cuts

Mon, Dec 11, 2017

Treasury Department said the Republican economic agenda would generate enough economic growth to pay for the tax cuts being considered by Congress, using growth assumptions exceeding the official congressional estimates....

Senate Bill's Marginal Tax Rates Could Top 100% for Some

Mon, Dec 11, 2017

Some high-income business owners could face marginal tax rates exceeding 100% under the Senate’s tax bill, which lawmakers rushing to write the final measure are working to prevent. ...

Icahn to Launch New Board Fight With Xerox

Mon, Dec 11, 2017

Activist investor Carl Icahn plans to launch a new board fight with Xerox in an attempt to change management of the company, his second offensive against the copy-machine maker in a roughly two-year span....

Steinhoff Seeks to Shore Up Finances With Extra Advisers

Mon, Dec 11, 2017

Steinhoff has appointed additional outside advisers as the retail giant battles a burgeoning financial crisis that has engulfed the firm since it disclosed possible accounting irregularities last week....