News Highlights: Top Equities Stories Of The Day
September 28 2016 - 9:30AM
Dow Jones News
Wells Fargo Isn't the Only Bank That Draws Cross-Selling
Complaints
Problematic sales practices at banks may extend beyond the
abuses revealed in the $185 million enforcement action against
Wells Fargo, according to a new analysis of customer complaints
maintained by the U.S. government.
Air-Bag Maker Takata in Talks to Settle Likely Criminal Case
Takata is negotiating after U.S. prosecutors found evidence of
unlawful conduct in the Japanese automotive supplier's handling of
rupture-prone air bags linked to numerous deaths and injuries.
BlackBerry Outsourcing Handset Business
BlackBerry Ltd. said it would outsource the making of handsets
and instead focus on developing secure software and services.
Deutsche Bank Lifted by $1.2 Billion Abbey Life Sale
Deutsche Bank said it sold its U.K.-based Abbey Life insurance
unit to Phoenix Group Holdings Ltd. for $1.2 billion, boosting the
German lender's capital cushion slightly at a time of intense focus
on its financial health.
RBS Pays $1.1 Billion to Settle Lawsuits in U.S.
Royal Bank of Scotland Group has agreed to pay $1.1 billion to a
U.S. regulator to resolve two civil lawsuits over the way it sold
mortgage-backed securities in the run-up to the financial
crisis.
The Cheapest Way to Get Alexa: Amazon's New Fire TV Stick
Amazon introduced its second-gen Fire TV Stick, keeping the same
$40 price, but including a voice-capable remote that lets owners
talk to the artificially intelligent assistant Alexa.
No First-Day Pop for Postal Savings Bank of China
Shares of Postal Savings Bank, the world's biggest initial
public offering this year, limped out of the starting gate on
Wednesday, in spite of help from Goldman Sachs traders.
SABMiller, AB InBev Shareholders Approve Merger
The $100 billion-plus megamerger of SABMiller and Anheuser-Busch
InBev cleared another hurdle after shareholders of both companies
voted in favor of the deal.
Uber to Launch Food-Delivery Service in Tokyo
Uber plans to launch its UberEats food-delivery business in
Tokyo on Thursday, preparing for a gradual rollout across Japan-a
country where its main ride-hailing business is barred.
(END) Dow Jones Newswires
September 28, 2016 09:15 ET (13:15 GMT)
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