Wall Street Gets Back Its Groove

The historic U.S. election jolted Wall Street trading desks, buoying investor confidence and sparking activity that pushed the five biggest U.S. investment banks to sharply higher fourth-quarter profits.

 
Netflix Posts Strong Subscriber Growth

Netflix Inc.'s strong subscriber growth in the latest quarter helped the streaming-video giant cap its best year in subscriber additions with 19 million new members.

 
Court Denies Arrest Warrant for Samsung Heir Lee Jae-yong

A South Korean court denied an arrest warrant for Lee Jae-yong, the scion of the Samsung conglomerate, for his alleged involvement in a national corruption scandal.

 
Credit Suisse Finalizes $5.3 Billion Deal With U.S. Over Pre-Crisis Mortgage Securities

Credit Suisse finalized a $5.3 billion agreement to resolve claims that it misled mortgage bond investors before the 2008 financial crisis, as the Obama administration wraps up a number of crisis-era settlements in its final days.

 
U.S. Sues Oracle, Alleging Salary and Hiring Discrimination

The Labor Department sued Oracle, alleging the technology company routinely pays its white male workers more than their counterparts in the same positions.

 
Mallinckrodt Settles Antitrust Allegations on Unlawful Drug Monopoly

Irish drugmaker Mallinckrodt and a U.S. subsidiary will pay $100 million and agree to other conditions to settle government antitrust allegations they unlawfully prevented competition for Acthar, a drug that has seen enormous price spikes in recent years.

 
Outgoing Canadian Pacific CEO and Activist Investor to Target CSX

Hunter Harrison, the railroad veteran who announced his early departure from Canadian Pacific Railway, is partnering with an activist investor in an attempt to shake up management at rival railroad CSX Corp.

 
Deutsche Bank Stops Senior Bankers' Bonuses for 2016

Deutsche Bank said that many managing directors and other senior employees won't receive individual bonuses for 2016, reflecting higher legal costs and other hits on the bank's profits.

 
Sumner Redstone's Ex-Girlfriend Asks Court to Assess His Health

Sumner Redstone's ex-girlfriend has asked a California court to appoint an independent doctor to assess his health and, if he lacks mental capacity, appoint a guardian for him, according to documents filed Wednesday.

 
Google Agrees to Buy Twitter Unit Called Fabric

Alphabet Inc.'s Google agreed to acquire Fabric, a unit from Twitter that runs a tool for developers to make mobile apps.

(END) Dow Jones Newswires

January 18, 2017 19:15 ET (00:15 GMT)

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