News Highlights: Top Company News of the Day
March 29 2017 - 7:30PM
Dow Jones News
Toshiba's Westinghouse Electric Files for Bankruptcy Protection
Westinghouse, a major player in global nuclear construction,
filed for bankruptcy protection, raising questions about the fate
of four half-finished reactors in the U.S.
Merrill Lynch Restructures Leadership
Bank of America Corp.'s brokerage arm is thinning some of its
executive ranks and shuffling others in an effort to get brokers
collecting more assets and producing more revenue, according to a
memorandum viewed by The Wall Street Journal.
Kushner Cos. Ends Talks for Skyscraper Deal
Real-estate developer Kushner Cos. ceased talks with a Chinese
insurer for a planned Manhattan skyscraper deal amid
conflicts-of-interest concerns given Donald Trump's son-in-law
Jared Kushner's White House position.
Synovus Financial in Talks to Buy Cabela's Financial Arm
Cabela's is in talks to sell its banking operations to Synovus
Financial Corp.
LSE Given Competitive Edge After Merger With Deutsche Börse Blocked
London Stock Exchange Group PLC's bet on the growth of passive
investing stands to give it an edge over Deutsche Börse AG as the
two go it alone after European regulators blocked their plan to
create Europe's largest exchange operator.
Lululemon Promises Bolder Clothes to Revive Sales
Lululemon Athletica Inc. issued a weak outlook for the current
quarter, blaming spring clothing that wasn't colorful enough to
entice shoppers to its website or stores.
Samsung Aims to Rebound With Galaxy S8 Launch
Samsung Electronics unveiled a new flagship smartphone, its
first attempt to bounce back after a year in which the South Korean
technology giant was beset by product-safety concerns.
Amazon to Shut Down Unprofitable Quidsi Division
Quidsi, manager of Diapers.com and Soap.com, spent 7 years with
Amazon after rising to prominence shipping diapers and other
household staples largely for free.
Ford to Record $295 Million Charge on Recalls
Ford said a $295 million charge for recalls covering vehicles
with fire risks and faulty door latches would contribute to a lower
first-quarter profit, the second time in less than a year that
safety concerns have dented its bottom line.
Former Citizens Bankers Say They Faked Data for Customer-Meeting Program
Eleven current and former Citizens branch employees in five
states claim that information about some meetings was fabricated by
those employees or others as they struggled to meet goals.
(END) Dow Jones Newswires
March 29, 2017 19:15 ET (23:15 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.