ConocoPhillips to Sell Chunk of Canadian Oil-Sands Assets

ConocoPhillips is selling a large portion of its Canadian oil-sands assets to Cenovus Energy to pay down debt and significantly increase stock buybacks, marking the latest exit from the oil sands by non-Canadian player.

 
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.

 
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.

 
Westinghouse Seeks to Reassure Chinese Customer

Westinghouse Electric raced to reassure its biggest Chinese customer that the company was stable and that its projects in China wouldn't be affected by its chapter 11 filing in the U.S.

 
Uber Self-Driving Car Crash Detailed in Police Report

The Tempe, Ariz., police report revealed Uber's sport-utility vehicle was hit after entering an intersection on a yellow light and that turning traffic blocked both parties' views before the collision.

 
India's Mahindra Considers Electric Vehicles for U.S. and China

Mahindra plans to enter the world's two biggest auto markets with high-end electric vehicles to be made by its Italian auto-design affiliate Pininfarina.

 
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.

 
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.

(END) Dow Jones Newswires

March 30, 2017 05:00 ET (09:00 GMT)

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