News Highlights: Top Company News of the Day
February 22 2017 - 11:15PM
Dow Jones News
Carlos Ghosn Resigns as Nissan CEO
Pressure is likely to grow on Nissan and Renault to merge and it
isn't clear if anyone can replicate the role he built as a
globe-trotting leader of both companies.
Credit Suisse Under Investigation for Aiding Tax Evasion at Israeli Unit
Shortly after Credit Suisse pleaded guilty in May 2014 to aiding
tax evasion, the Justice Department discovered an American
professor was potentially hiding money overseas in accounts managed
by the bank's Israeli desk. His cooperation helped investigators
build another case against the bank.
Exxon Lowers Proved Reserve Estimates
Extremely low energy prices during 2016 forced Exxon Mobil Corp.
on Wednesday to lower its estimate of proved oil and gas reserves
in the ground that the company controls.
Weibo's Profit More Than Doubles, Driving Sina's Growth
Chinese microblog portal Weibo Corp.'s profit more than doubled
in the latest period, helping internet company Sina Corp. post
double-digit profit and revenue increases.
Jack Dorsey's Square Hits Its Stride as Twitter Pauses
Payments provider Square finished its first year as a public
company with quarterly revenue that exceed expectations and a
narrower loss.
Tesla Sets Aggressive Production Plan for Model 3
Tesla Inc. laid out an aggressive production plan to bring out
the new Model 3 sedan by year's end, raising the likelihood the
auto maker will need to raise more cash to support the rollout.
HP Revenue Grows Again on PC Rebound
HP Inc. said sales rose for a second straight quarter after a
slump, as the personal-computer business showed further signs of
life.
Fitbit Posts Its First Quarterly Loss Since Going Public
Fitbit posted a quarterly loss for the first time since the
company went public, dogged by lackluster holiday sales of its new
fitness trackers.
L Brands Issues Bleak Outlook Amid Victoria's Secret Weakness
L Brands issued a disappointing outlook for the year as its core
lingerie business continued to lag behind amid its exit from swim
wear and apparel.
Judge Rules Against California Law Allowing Actors to Hide Age on IMDB
A new California law that is supposed to help movie actors hide
their ages from the public almost certainly violates the First
Amendment and may not be enforced for now, a federal judge ruled
Wednesday.
(END) Dow Jones Newswires
February 22, 2017 23:00 ET (04:00 GMT)
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