News Highlights: Top Company News of the Day
January 16 2018 - 5:15AM
Dow Jones News
BP to Book $1.7 Billion Charge for Deepwater Horizon Claims
BP said it would take a $1.7 billion charge in its
fourth-quarter earnings because of settlement claims related to the
2010 disaster in the Gulf of Mexico.
Warburg Pincus Leads $621 Million Fundraising Round in China's Ziroom
Sequoia Capital, Tencent and seven other firms also invested in
the Chinese apartment rental service provider.
Airbus Boss Takes Aim at Trump's Trade Stance
Airbus Chief Executive Tom Enders has flatly accused the Trump
administration of protectionism, while criticizing rival Boeing for
exploiting such sentiments.
Fiat Chrysler CEO Rules Out Selling Brands or Splitting Up Company
CEO Sergio Marchionne said Monday he has no plans to sell its
Jeep business or split up the company, cooling speculation but
leaving the company's long-term strategy unclear.
Subaru Predicts a 2018 Gain in U.S. Sales as Cupholders Runneth Over
Subaru is striking a rare note of optimism about American car
buyers by projecting a bump in 2018 sales even as overall volume
declines, as it brings a behemoth SUV with 19 cupholders to
showrooms.
Shell Bids a Long Goodbye to Middle Eastern Oil
Royal Dutch Shell is giving up on its last oil fields in Iraq,
leaving the world's second-biggest oil company with a dwindling
footprint in the Middle East-a region it helped build into a
petroleum powerhouse.
Looking for an Affordable Ride? Try A Mitsubishi Lot
In an era when U.S. buyers are spending record amounts for cars
and trucks, Mitsubishi Motors Corp.'s low-cost showroom is a rare
haven for new-vehicle buyers hunting for an efficient and
less-expensive way to get from Point A to Point B.
Pension Sues Canadian Banks Alleging Manipulation of Rate
A Colorado pension fund is suing Canada's top six banks and
three other lenders for allegedly manipulating a key Canadian
lending rate.
Chinese Auto Maker Dumping 'Trumpchi' Name For U.S. Push
Guangzhou Automobile Group is planning to be the first Chinese
auto maker to enter the U.S. market, but first it needs to ditch
its "Trumpchi" brand name.
Apple and Tencent Reach Deal to Let WeChat Users Dole Out Tips
Apple and Chinese technology giant Tencent have settled their
tiff over tips, allowing users of Tencent's popular WeChat
messaging app to resume giving monetary gifts to their favorite
video-streaming stars and content creators.
(END) Dow Jones Newswires
January 16, 2018 05:00 ET (10:00 GMT)
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