IBM Chief Defends Trump Administration Advisory Role

IBM Chief Executive Ginni Rometty sent a memo to employees defending her decision to advise President Donald Trump, the latest example of a major business leader grappling with concerns over how to engage with the new administration.

 
Arizona's Navajo Generating Station Will Stay Open Through December 2019

Arizona's Navajo Generating Station, one of the largest coal-burning power plants in the U.S., will keep running through December 2019, but a majority of the plant's owners said they won't seek to keep it open after 2019.

 
Apollo Co-Founder Leon Black Earned $142.5 Million in 2016

Leon Black, the co-founder and chief executive of private-equity firm Apollo Global Management LLC, collected $142.5 million in dividends, gains from the private-equity firm's investments and salary for 2016.

 
Noble Group in Talks About Possibly Selling a Stake

Noble Group Ltd. on Tuesday said it is in talks about possibly selling a stake in the group but has not entered into any binding agreements.

 
Disney Severs Ties With Top YouTube Star PewDiePie

Disney said it was severing ties with Felix Kjellberg, a top star with 53 million subscribers to his "PewDiePie" YouTube channel, after he posted videos in which he makes anti-Semitic jokes or imagery.

 
KKR to Buy German Travel Operator TUI's Travelopia

Buyout firm KKR agreed to buy German travel operator TUI AG's Travelopia for EUR381 million ($403.7 million).

 
Noble Energy's Loss Narrows

Noble Energy reported a narrower loss Monday as retreating volumes were offset by climbing realized prices and falling expenses.

 
Chesapeake Energy and Estate of Former Late CEO in Settlement

Chesapeake Energy and the estate of its former CEO, the late Aubrey McClendon, agreed to settle a legal dispute involving claims that Mr. McClendon stole sensitive documents to start a rival company.

 
Wall Street Journal Editor Defends Paper's Coverage of Trump

Gerard Baker addressed newsroom employees after recent media reports described internal rancor over the Journal's reporting on the president.

 
Time Is Running Out for Fossil

Warnings from other retailers don't bode well for Fossil ahead of Tuesday's earnings report.

(END) Dow Jones Newswires

February 13, 2017 23:15 ET (04:15 GMT)

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