News Highlights: Top Company News of the Day
October 23 2017 - 9:30PM
Dow Jones News
Dividend Fears Take Toll on GE Shares
Shares of General Electric took another pounding, reflecting
investor fears that a conglomerate that was once the bluest of blue
chips faces challenges daunting enough to force a dividend cut.
NYSE Monitor Accuses Wedbush Securities of Supervisory Deficiencies
The watchdog of the New York Stock Exchange has accused Wedbush
Securities Inc. and co-founder Edward Wedbush of violating multiple
exchange policies and federal securities laws concerning
record-keeping and supervisory protocols.
VW Wins Approval for Diesel-Emissions Fixes
Volkswagen AG won approval from U.S. and California
environmental regulators for fixes to more than 38,000
diesel-powered vehicles rigged to dupe emissions tests.
Whirlpool Cuts Guidance, Citing Rising Costs
Whirlpool Corp. shares fell sharply in after-hours trading
Monday after the appliance maker issued a profit warning, blaming
rising costs.
Seagate Technology Sees Signs of a Turnaround
Seagate Technology PLC reported higher-than-expected earnings as
executives touted benefits of a prospective technology-supply deal
with Toshiba Corp.'s memory-chip business and outlined plans for
additional cost cuts.
N.Y. Probe of Weinstein Company's Handling of Sex Claims
Attorney General Eric Schneiderman has opened an investigation
into the Weinstein Company to determine whether its handling of
allegations of sexual misconduct against co-founder Harvey
Weinstein violated state or city laws.
GE Shares Sink As Analysts Cut Price Targets, Question Dividend
Shares of General Electric Co. fell Monday as analysts raced to
cut their price targets after the conglomerate's latest
disappointing earnings report.
Former HSBC Executive Found Guilty of Fraud
A federal jury found Mark Johnson, a former high-ranking HSBC
Holdings PLC executive, guilty on charges that he misused
information about a client's $3.5 billion currency trade to make
millions of dollars for the bank.
Under Armour Co-Founder Kip Fulks Takes Sabbatical
Kip Fulks, a co-founder of Under Armour, is taking a sabbatical
from the company, and the sportswear maker is considering exiting
tennis and other categories as it combats slowing industry sales,
said people familiar with the matter.
Hasbro Gives Cautious Holiday Outlook
Hasbro Inc. warned that the Toys "R" Us Inc. bankruptcy will
soften sales during the key holiday period, with the maker of Nerf
guns and Disney Princess dolls unsure how frequently it will ship
items to the specialty retailer.
(END) Dow Jones Newswires
October 23, 2017 21:15 ET (01:15 GMT)
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