News Highlights: Top Company News of the Day
October 22 2017 - 9:30PM
Dow Jones News
ANZ Moves to Settle Rate-Manipulation Allegations
Australia & New Zealand Banking Group has moved to settle a
lawsuit alleging past rate-setting manipulation by the bank,
putting on hold a court case that was set to begin Monday.
J.P. Morgan, United Renegotiating Card Partnership
United Continental Holdings is in discussions with J.P. Morgan
to renegotiate terms of their co-branded card partnership, a move
some analysts fear could suppress revenue at the bank.
Tesla Strikes Deal to Build Factory in China
Tesla has reached an agreement to set up its own manufacturing
facility in Shanghai, a move that could help it gain traction in
China's fast-growing electric-vehicle market.
GM's Stock Gets a Charge as It Gears Up to Take On Tesla
After years spent in neutral, General Motors' share price is
springing to life as the company's emerging-technology bets appear
to be helping it shrug off its "dinosaur" image.
At Fidelity, New Fallout From Claims of Sexual Harassment, Bullying
Fidelity Investments is moving to address long-simmering
problems with workplace conduct following allegations of sexual
harassment and bullying that led to the ouster of some high-profile
employees at the mutual-fund giant.
Fox Aware of O'Reilly Settlement at Contract Renewal
21st Century Fox knew of a settlement Bill O'Reilly had reached
with a network analyst who had accused him of sexual harassment
when the company renewed the star Fox News host's contract, the
company said.
Former Energy Trader Goes All-In on Bitcoin
J. Robert Collins Jr. spent most of the past 25 years trading
commodities. Now he is making a big bet on something that makes
commodity trading look almost tame: the roaring market for bitcoin
and other cryptocurrencies.
China's Road to Electric-Car Domination Is Driven in Part by Batteries
Batteries have emerged as a critical front in China's campaign
to be the global leader in electric vehicles, but foreign auto
makers and experts say it has set up the market to favor domestic
suppliers.
Big Oil Set for Bumper Profits Despite Cheap Crude
When some of the world's largest energy companies report
earnings next week, it will provide a glimpse into whether they are
improving profitability as oil prices continue to hover around $50
a barrel.
Wells Fargo Fires 4, as Woes Spread to Investment Banking
Wells Fargo has fired four foreign-exchange bankers amid an
investigation into that business by both the bank and
regulators.
(END) Dow Jones Newswires
October 22, 2017 21:15 ET (01:15 GMT)
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