News Highlights: Top Company News of the Day
October 19 2017 - 3:15PM
Dow Jones News
GM Reaches $120 Million Ignition-Switch Settlement
General Motorshas agreed to pay $120 million to settle a
multistate probe of its mishandling of an ignition-switch defect,
the latest financial hit to the Detroit auto giant over a safety
crisis linked to numerous deaths and injuries.
Verizon Continues to Win Wireless Subscribers
Verizon Communications Inc. boosted its subscriber rolls in the
third quarter, a sign the carrier's return to unlimited data plans
earlier this year has staunched customer defections.
Target Expands Store Makeovers
Target Corp. said it would expand plans to remodel its existing
supercenters and open smaller stores in cities, as the retailer
seeks to win back shoppers in the competitive retail
environment.
Facebook to Test News-Subscription Sign-up
Facebook will soon begin testing a feature that will allow news
publishers to sign up subscribers through its Instant Articles
program.
U.K. Regulator Asks Banks to Probe Links With Gupta Family
HSBC Holdings and Standard Chartered have been asked by the U.K.
financial regulator to review possible business with South Africa's
Gupta family.
FDA Chief: Menthol, Tobacco Flavors Could Do 'Both Harm and Good'
The use of flavors in different tobacco products has the
potential to do "both harm and good," the FDA's chief said
Thursday, explaining that the agency would weigh both possibilities
as it considers a ban on flavors.
Reliability Ratings for Electric Cars Get a Boost
Auto makers struggling to sell drivers on electric cars can look
forward to one advantage of adding more battery-powered vehicles to
their fleets: beefing up their reliability ratings thanks to the
electric cars' simplicity.
Lyft Raises $1 Billion in Round Led by Alphabet's CapitalG
Ride-hailing startup Lyft raised $1 billion in a funding round
led by Alphabet's CapitalG unit, boosting its valuation by nearly
50% as it eyes expansion.
Chevron Temporarily Suspending Operations in Iraqi Kurdistan
Chevron is temporarily suspending its operations in Iraqi
Kurdistan, as an Iraqi backlash against Kurdish independence is
quickly reordering the region's booming energy business.
Wal-Mart's Answer to Amazon? Its Own Web Mall
Wal-Mart is near a deal with Lord & Taylor that would give
the department store dedicated space on walmart.com, a potential
first step in creating an online mall shoppers could access from
Wal-Mart's website.
(END) Dow Jones Newswires
October 19, 2017 15:00 ET (19:00 GMT)
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