What's News: Business & Finance -- WSJ
March 28 2017 - 3:02AM
Dow Jones News
After years shunning Iran, Western businesses are bursting
through the country's doors, but U.S. firms are noticeably
absent.
Amazon is facing a delay in the public opening of its first
cashierless convenience store because of technical glitches.
Pimco settled a breach-of-contract suit filed by former star
manager Bill Gross for $81 million, people familiar with the matter
said.
Some big banks have discussed a possible venture that would
allow them to share trade processes and technology, cutting
costs.
Saudi Arabia lowered the tax rate on its oil industry amid
preparations for an IPO for Aramco.
The Dow industrials fell 45.74 points to 20550.98, notching
their longest losing streak in nearly six years.
The Fed's Evans said rates could be raised four times this year
if inflation picks up, but suggested three increases remain more
plausible.
Uber is putting its autonomous vehicles back on the streets
after an accident in Arizona caused the company to halt the
program.
The Supreme Court declined an invitation to rescue an antitrust
settlement over fees between Visa, Mastercard and retailers.
Jim Gianopulos, the longtime head of Twentieth Century Fox, has
been tapped to lead Paramount.
(END) Dow Jones Newswires
March 28, 2017 02:47 ET (06:47 GMT)
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