|U.S., China Agree on Outline to Settle ZTE Controversy|
The U.S. and China have agreed on the broad outline of a deal that would save imperiled Chinese telecom giant ZTE, as the two sides move closer to resolving their trade dispute.
|Starbucks Clarifies Policy on Allowing Nonpaying Guests|
Starbucks tried to dig itself out of controversy by attempting to clarify a policy toward nonpaying guests that generated an onslaught of complaints that cafes would turn into homeless shelters and drug havens.
|Sony to Buy Mubadala's Stake in EMI Music Publishing|
Sony has agreed to buy Mubadala Investment’s stake in EMI Music Publishing, which owns or administers over 2 million songs, including classics like “Over The Rainbow’ and recent hits including Hozier’s “Take Me to Church.”
|Britain Unlikely to Review Comcast's Sky Deal|
Britain is unlikely to open an antitrust review into Comcast’s $30 billion bid for U.K. pay-TV company Sky, a government official said, removing a hurdle for the cable firm in a takeover battle that also includes Fox and Disney.
|GE to Merge Rail Division With Wabtec in $11 Billion Deal|
The deal will allow GE to raise cash to fund its turnaround and shed one of its oldest operations.
|Egypt Clamped Down on Political Opposition---Next Up Is the Economy|
In the wake of the Arab Spring, the military has amassed a growing business empire, squeezing out private-sector competitors. Now, amid soaring inflation and high youth unemployment, popular resentment is mounting.
|Mnuchin: U.S., China Have Suspended Tariffs|
The U.S. suspended its threat to put tariffs on $150 billion in imports of Chinese goods while negotiations with China continue, but President Donald Trump could still impose the tariffs if a deal between the two countries doesn’t progress, Treasury Secretary Steven Mnuchin said.