News Highlights: Top Company News of the Day
November 17 2017 - 11:15AM
Dow Jones News
Stitch Fix Shares Climb in Debut After Disappointing IPO
Shares of Stitch Fix traded higher in their market debut after
the pricing of the fashion startup's initial shares fell short of
expectations in a setback for the initial public offering
market.
Abercrombie, Foot Locker Return Some Luster to Apparel Sellers
Specialty retailers, including Abercrombie & Fitch and Foot
Locker, gave some hope to investors that their businesses were
evolving with the times, providing a reprieve after a sluggish
start to the year as they warned that changes in shoppers' habits
would hurt profits.
VW Accelerates Electric Car Effort With $40 Billion Investment
Volkswagen plans to invest $40 billion by the end of 2022 in a
bid to become the market leader in electric and autonomous
vehicles, the latest move by a major auto company to embrace what
could be the future of the car.
Wells Fargo Executive Fired After Complaining About Regulators
Wells Fargo fired its head of consumer lending because of
disparaging remarks he made about the regulatory system to a
previously terminated senior employee.
Real Industry Files for Chapter 11 Bankruptcy Protection
Real Industry Inc. and its aluminum recycling business Real
Alloy Holding Inc. filed for bankruptcy protection Friday.
How GE Can Win Back Investors
A strong market for industrial assets gives GE a chance to win
investors back after the company's dividend cut.
Comcast Approached 21st Century Fox About an Acquisition
New suitors are circling 21st Century Fox, affirming that the
media empire built by Rupert Murdoch is now in play. Comcast has
approached the media company to express interest in buying a
substantial piece of it. Verizon and Sony are also kicking the
tires.
Google to Double Presence in Japan
Alphabet's Google plans to move in 2019 to a new Tokyo office
big enough to double its staff to ride a wave of technology
investment in Asia and challenge Amazon.com and Microsoft.
Delta, JetBlue Battle for Boston Fliers
JetBlue Airways and Delta Air Lines are ramping up a turf war in
Boston. A diverse economy and high concentration of business fliers
are spurring airlines to expand at Boston's Logan International
Airport, which generates outsize revenue for its size.
Meredith Has Submitted a Bid for Time Inc. of $17 to $20 a Share
Meredith Corp. has made a takeover bid for storied magazine
publisher Time Inc. in the range of $17 to $20 a share, according
to people familiar with the situation.
(END) Dow Jones Newswires
November 17, 2017 11:00 ET (16:00 GMT)
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