News Highlights: Top Company News of the Day
October 23 2017 - 5:30AM
Dow Jones News
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.
New GE Chief Slashes Forecasts, Plans to Exit $20 Billion in Businesses
GE's quarterly earnings fell as it incurred hefty restructuring
charges during CEO John Flannery's first official quarter at the
helm, and the new CEO pledged to exit more than $20 billion of the
company's businesses.
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.
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.
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.
Potlatch Nears Deal to Combine With Deltic Timber in Stock Swap
Lumber company Potlatch Corp. is nearing an all-stock deal to
combine with Deltic Timber Corp., according to people familiar with
the matter.
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.
Spooky Weekend at the Box Office
It was a spooky weekend at the box office for nearly everyone
but Tyler Perry. Mr. Perry's comedy sequel "Boo 2! A Madea
Halloween" scared up a healthy $21.7 million in its first weekend
in theaters, but the waters were rough for other new openers
including the disaster epic "Geostorm," the firefighter drama "Only
the Brave" and the crime thriller "The Snowman."
(END) Dow Jones Newswires
October 23, 2017 05:15 ET (09:15 GMT)
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