What's News: Business & Finance -- WSJ

Date : 01/12/2017 @ 3:02AM
Source : Dow Jones News

What's News: Business & Finance -- WSJ

Samsung's heir-apparent faces questions from prosecutors in relation to suspected bribery, drawing the firm deeper into South Korea's political scandal.

The White House plans to launch a formal complaint to the WTO over subsidies the U.S. says China provides to its aluminum industry.

Mexico's peso plunged to another record low on concerns that Trump's trade policy could end the nation's privileged status.

China's central bank stepped up supervision of bitcoin trading, sending the virtual currency plunging.

Six VW executives were indicted by a U.S. grand jury over the emissions fraud. The auto maker also admitted to criminal wrongdoing and agreed to pay fines.

Mortgage applications slid 21% during the fourth quarter from the prior period after rates rose in the wake of Trump's election.

The Dow rose 98.75 points to 19954.28 in volatile trading, shaking off a slide in health-care shares.

The NYSE plans to open its trading floor to all U.S. stocks and ETFs.

The Justice Department failed to find evidence of collusion by four airlines after a lengthy antitrust probe.

Airbus delivered a record 688 jets last year after ratcheting up the pace in December to meet its target.

Facebook said that it would forge closer ties with news organizations and promote "news literacy."

U.S. toy firms are bracing for a tax change likely to hit hard an industry that makes most products abroad.


(END) Dow Jones Newswires

January 12, 2017 02:47 ET (07:47 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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