News Highlights: Top Company News of the Day
December 11 2017 - 7:15AM
Dow Jones News
HSBC to Be Released From U.S. Deferred Prosecution Agreement
HSBC is to be released from a controversial agreement that let
it avoid U.S. criminal charges in 2012, after it was judged to have
sufficiently improved its systems to keep out financial
criminals.
Steinhoff Seeks to Shore Up Finances With Extra Advisers
Steinhoff has appointed additional outside advisers as the
retail giant battles a burgeoning financial crisis that has
engulfed the firm since it disclosed possible accounting
irregularities last week.
J.P. Morgan Chase's Sapphire Reserve Card Gets a New Chief
J.P. Morgan Chase is bringing in a new executive to run one of
its hottest products, the Sapphire Reserve credit card, at a time
when doubts have surfaced within the bank about its financial
prospects.
Disney Deal for Fox Would End Era of the 'Big Six' Studios
Walt Disney would likely significantly scale back Fox's movie
studio if the company nails down a deal to buy most of the assets
of 21st Century Fox, as part of Chief Executive Robert Iger's plan
to transform the company into a direct-to-consumer digital
powerhouse to rival Netflix.
Qatar, Britain Finalize Deal for 24 Jet Fighters
The government of Qatar and British weapons maker BAE Systems
have finalized a multibillion deal for 24 combat jets, continuing a
weapons buying spree by the Middle East country.
Boeing Gives Up on Fighter-Jet Deal With Canada
Boeing Co. said Friday it believes Canada will follow through on
its threat and abandon plans to buy 18 F/A-18 Super Hornet aircraft
in a $5.2 billion deal, in the latest fallout from heightened trade
tensions between Ottawa and Washington.
Hospital Giants in Talks to Create U.S.'s Largest Operator
Ascension and Providence St. Joseph Health are in talks about a
possible merger that would put 191 hospitals in 27 states under a
single owner, as a series of major deals are poised to consolidate
control of the health-care landscape into fewer hands.
Trump Vows Punishment for Wells Fargo
President Trump threw himself into a debate about the direction
of a consumer-finance regulator, pledging punishment for Wells
Fargo despite his administration's promise to ease postcrisis
financial regulation.
Jony Ive Returns to Apple to Oversee Design Teams
Ive resumes control of industrial-design and user-interface
teams, which he stepped away from to focus on development of
Apple's new headquarters.
'Coco' Tops Box Office Again as 'Star Wars' Waits in Wings
The animated family film ""Coco" topped the box office for a
third time on a quiet, pre-"Star Wars: The Last Jedi" weekend in
theaters.
(END) Dow Jones Newswires
December 11, 2017 07:00 ET (12:00 GMT)
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