News Highlights: Top Company News of the Day
December 14 2017 - 5:15AM
Dow Jones News
UBS Names New Wealth-Management Chief
UBS appointed a new chief for its $1.1 trillion international
wealth-management unit, a division that has been a key driver of
the bank's earnings but faces competition from rivals including
Credit Suisse.
Australian Regulator Deepens Compliance Case Against Commonwealth Bank
Commonwealth Bank of Australia faces fresh allegations of failed
compliance that the country's financial-intelligence agency claims
links bank accounts with money laundering by crime syndicates and
drug dealers, and customers suspected of financing terrorism.
China Firms Ditch Bonds for Banks in Search for Funds
Chinese companies are turning away from capital markets and
heading back to state-owned banks to raise cash, in a reversal of
Beijing's previous efforts to modernize the way the corporate
sector in the world's No. 2 economy is funded.
China's LexinFintech Shrinks IPO Fundraising Goal
LexinFintech, a Chinese online lender that is planning to go
public in the U.S., scaled back its fundraising ambitions after
regulatory changes in China sparked a rout in shares of similar
companies.
Santander to Buy Deutsche Unit in Poland
Santander and its Polish subsidiary said that they have agreed
to acquire Deutsche Bank's retail and private banking business in
Poland for EUR305 million.
Disney Finalizing Pact to Acquire Assets From 21st Century Fox
Walt Disney is close to a deal to acquire a large piece of 21st
Century Fox, people familiar with the situation say, in a pact that
could help the entertainment giant accelerate its ambitions in
streaming media, shore up its television business and grab hold of
lucrative movie franchises.
Former UAW Official Exits GM's Board Amid Probe
A former United Auto Workers bargaining official resigned from
General Motors Co.'s board of directors amid a broad federal
investigation into training center funds jointly overseen by
domestic auto makers and the union.
AT&T Reaches Contract With Union
AT&T Inc. reached a tentative deal with the union
representing more than 21,000 of its wireless-support and retail
workers, ending a 10-month standoff over pay and work
conditions.
Judge Rejects Defamation Lawsuit Against Deadspin Owner
A judge has tossed Las Vegas oddsmaker R.J. Bell's defamation
lawsuit against web publisher Gizmodo Media Group LLC over a 2016
article on Deadspin.com but said litigation against the article's
author can move forward.
Lawmakers Seek Checks on Phony Comments Before 'Net Neutrality' Vote
Some lawmakers are calling on the Federal Communications
Commission to add new safeguards against fraudulent public online
comments amid an FCC vote Thursday to that require internet-service
providers to treat all web traffic equally.
(END) Dow Jones Newswires
December 14, 2017 05:00 ET (10:00 GMT)
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