What's News: Business & Finance -- WSJ
March 23 2017 - 3:02AM
Dow Jones News
Federal prosecutors are building cases that would accuse North
Korea of directing the theft of $81 million from Bangladesh's
account at the New York Fed.
AT&T and Verizon joined a growing number of firms pulling
much of their advertising from Google, expanding a controversy over
the internet giant's ad placements.
Activist investor Elliott moved to boost pressure on Dutch giant
Akzo, which rejected a sweetened takeover bid from PPG, to enter
into talks with its U.S. suitor.
Sears raised doubts about its ability to keep operating after
seven years of losses, sending its shares tumbling and spooking
landlords.
GE said it would double planned cost cuts in industrial
operations over two years and more closely tie bonuses to profit in
its core business.
The family of Jay Clayton, Trump's pick to run the SEC, owns a
stake in a firm that sells services regulated by the agency.
The dollar dropped to a four-month low against the yen and fell
against many other currencies, highlighting a sharp shift in
sentiment.
Gains in technology shares buoyed the S&P 500 Wednesday as
U.S. stocks stabilized. The Dow fell 6.71 to 20661.30.
Hollywood received a wake-up call as a report showed the
international box office edged lower in 2016.
Baidu's chief scientist said he was leaving the firm to explore
a "new chapter" in artificial intelligence.
(END) Dow Jones Newswires
March 23, 2017 02:47 ET (06:47 GMT)
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