Credit Suisse Trims Targets but Says Revamp Is Working

Credit Suisse Group sought to reassure skeptics that the Swiss bank's overhaul is on track thanks in part to deeper cost cuts, even as it lowered profit targets issued last year.

 
Apple Supplier Foxconn Plans Expansion in U.S.

Foxconn Technology Group, which manufactures Apple's iPhone and other products, is in talks to expand in the U.S., though the size and scope of any investment hasn't been determined.

 
SoftBank Chief's Trump Meeting Fuels Hopes of Megadeal

Shares of Japanese telecom giant SoftBank rose 6.2% after CEO Masayoshi Son met Donald Trump, reviving hopes for a megadeal in the U.S.

 
Shell, Total Eye Iran Deals Despite Uncertainty Over Trump

Shell and Total are set to sign deals to develop Iranian oil fields, according to the country's oil ministry, suggesting energy companies won't let Donald Trump's pledge to undo the Iran nuclear deal deter them from investing.

 
South Korea to Slap Fine, File Criminal Complaints Against VW

South Korea's trade regulator will file criminal complaints against Volkswagen and five of its executives and impose a heavy fine on the German auto maker over advertising claims that its cars met emissions regulations.

 
AT&T CEO: Time Warner Deal Would 'Disrupt' Cable TV Model

AT&T Inc. Chairman Randall Stephenson plans to tell senators Wednesday his company's deal with Time Warner Inc. will "disrupt" the long-established cable TV model in ways that will benefit consumers, according to his prepared testimony.

 
Boeing Becomes Latest Company to Draw Trump's Ire

President-elect Donald Trump suggested the U.S. government should cancel a planned order with Boeing for a new version of Air Force One, making the aircraft maker the latest company to come under scrutiny by the incoming commander-in-chief.

 
Glitches Delayed Sale of New Ford F-150 Pickup Trucks

Ford Motor Co. delayed by about one month the sale of thousands of new F-150 pickup trucks with improved towing capability and efficiency due to glitches with an advanced 10-speed transmission.

 
Tesla Recalls Some Charging Adapters After Overheating

Tesla Motors Inc., the electric car company, is recalling certain charging adapters after two customers experienced units that overheated.

 
TerraForm's Loss Narrows Sharply in First Quarter

TerraForm Power, which is trying to disentangle itself from bankrupt parent company SunEdison, reported a sharply narrower loss for the first three months of the year.

(END) Dow Jones Newswires

December 07, 2016 05:15 ET (10:15 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.