Legg Mason to Cut 3% of Corporate Staff

Legg Mason is laying off 3% of its corporate staff because of "disruption" in the money management industry.

 
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.

 
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.

 
SunEdison Files Plan to Repay Billions in Debt

SunEdison filed a debt-repayment plan after nearly a year in chapter 11, propelled by major settlements with its two former TerraForm subsidiaries worth more than $800 million.

 
Synovus Financial in Talks to Buy Cabela's Financial Arm

Cabela's is in talks to sell its banking operations to Synovus Financial Corp.

 
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.

 
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.

 
FCC Steps Back from Program Subsidizing Broadband for the Poor

The FCC said it would cede oversight of companies providing subsidized broadband service to low-income Americans under the Lifeline program, arguing the responsibility belongs to the states.

 
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.

 
U.K. Airlines Face Bumpy Post-Brexit Path

British carriers face the prospect of having to cease serving some markets should Britain and the EU fail to negotiate an accord to preserve the kind of market access provided by the European air-traffic agreement.

(END) Dow Jones Newswires

March 29, 2017 21:15 ET (01:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.