The Tulsa, Okla., natural gas pipeline company’s shares, down 57% in the past year, gained 4% to $23.45 in after-hours... Williams Cos. said it would slash the company’s dividend by 69% so it can reinvest roughly $1.7 billion into Williams Partners, an affiliated company that needs greater financial flexibility between now and the end of 2017.

Source: Wall Street Journal August 01, 2016 21:25 UTC