HSBC Misses Profit Target as Bad Loans Weigh

HSBC, which swung to a fourth-quarter pretax profit of $2.3 billion from a year-earlier $3.45 billion loss, said it plans to issue up to $7 billion in Tier 1 capital in the first half of the year and repurchase shares "when appropriate."

 
BHP Profit Falls But Dividend Rises

BHP Billiton reported a 37% fall in first-half net profit but said it would lift its midyear payout by 38% after resurgent commodity prices sharply boosted its cash flow.

 
Facebook Battles New Criticism After Indictment Against Russians

Facebook is contending with a new wave of criticism prompted by the U.S. indictment alleging that Russia manipulated social-media platforms-and by a Facebook executive's attempts to address the issue.

 
Albertsons and Rite Aid to Combine

Albertsons plans to buy the rest of Rite Aid that isn't being sold to Walgreens Boots Alliance as retailers of all stripes scramble to respond to a rapidly changing consumer shopping landscape.

 
Chevron Says It Has Resumed Oil Drilling in Iraqi Kurdistan

Chevron said Monday that it has resumed drilling in Iraqi Kurdistan, in a sign that tensions between Baghdad and the semiautonomous area's government are easing.

 
Noble Energy, Israel's Delek to Supply Gas to Egypt

Investors in Israel's natural-gas fields agreed Monday to supply an Egyptian company with gas valued at $15 billion, a deal that will build on growing ties between once-hostile neighbors.

 
Federal Judge Approves $300 Million Loan for Puerto Rico Utility

A federal judge approved an emergency $300 million loan that will keep Puerto Rico's troubled electric utility in operation, averting a threat of more power outages at a time when the island is trying to recover from last summer's devastating hurricanes.

 
Barneys Aims to Reinvent Luxury Marketing for Younger Shoppers

CEO Daniella Vitale says the old ways don't work in a market now driven by a new generation.

 
'Black Panther' Roars to Top of Box Office

With an estimated opening of $235 million in the U.S. and Canada, "Black Panther" was another blockbuster success for Walt Disney Co.'s Marvel Studios but also a breakthrough for movies with primarily black casts..

 
Iranian Airline Bought U.S. Jet Parts Through Front Firms

An Iranian airline under sanctions by the U.S. for ferrying weapons and fighters into Syria repeatedly bought U.S.-made jet engines and parts through Turkish front companies over the past several years, most recently in December, federal investigators said.

(END) Dow Jones Newswires

February 20, 2018 03:00 ET (08:00 GMT)

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