J.C. Penney to Close More Than 100 Stores

J.C. Penney said it would shutter two distribution centers and up to 140 stores as the big-box retailer contends with falling foot traffic. The company also reported its first annual profit since 2010.

 
Vale CEO to Step Down in May

Brazilian mining giant Vale said its chief executive plans to step down when his term ends in May, amid reports of pressure to replace him with a political appointee.

 
Trump to Meet With Insurance Executives on Repeal of Affordable Care Act

President Donald Trump is planning to hold a round-table meeting with health-insurance executives at the White House on Monday, according to people close to the planning, as the administration looks to encourage insurers to sign onto Republicans' health-care overhaul efforts.

 
Vanguard's Offer to Shareholders: Cede Power to Save Money

Indexing pioneer Vanguard Group wants its funds' shareholders to relinquish some of their powers in exchange for potentially lower costs.

 
Deutsche Borse, LSE to Further Address Antitrust Concerns

Deutsche Börse AG and London Stock Exchange Group PLC are poised to tweak their previously offered commitments to address antitrust concerns from regulators over plans to create Europe's largest exchange operator.

 
Goldman Executive Who Helped Court 1MDB Leaves Firm

A senior Goldman Sachs Group official who was involved in the bank's dealings with a Malaysian state investment fund that is the subject of a sprawling global corruption probe has left the firm.

 
Hilton to Buy Back $1 Billion in Shares, Pay Dividend

Hilton Worldwide Holdings announced a $1 billion share buyback program and launched a dividend as the hotel company charts its path forward after a major reorganization of its business.

 
British Airways Parent Jump-Starts Plans for Budget Trans-Atlantic Flights

British Airways parent IAG said flights from Barcelona would start in June, a day after Norwegian Air Shuttle expanded its service with fares from $65. IAG also reported a 29% rise in profit and announced a share buyback.

 
GM, Tech Industry at Loggerheads Over Self-Driving Cars

General Motors is backing legislation in numerous states that tech companies say is designed to put them at a disadvantage in the nascent market for autonomous vehicles. GM denies the claim.

 
Former SunEdison Executives File Whistleblower Lawsuits

Two former executives at SunEdison, the solar-power company that filed for bankruptcy protection last year, filed whistleblower lawsuits claiming they were fired after sounding the alarm about the company's precarious finances.

(END) Dow Jones Newswires

February 24, 2017 17:15 ET (22:15 GMT)

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