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 23:15 ET (04:15 GMT)

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