News Highlights: Top Company News of the Day
February 22 2018 - 11:30PM
Dow Jones News
Chinese Regulator Takes Over Anbang Insurance
China's insurance regulatory agency took control of
hard-charging, acquisitive Anbang Insurance, saying the action is
needed to avoid collapse of the firm following suspected illegal
activity and the downfall of its once-highflying chairman.
Xcerra Calls Off $580 Million Deal Amid Scrutiny
Xcerra Corp. has agreed to terminate its sale to a Chinese
group, citing difficulty in securing federal approval for the $580
million deal.
Re/Max Finds Co-Founder, Top Executive Violated Policy
David Liniger gave Adam Contos a $2.4 million personal loan at a
below-market interest rate, among other undisclosed gifts, the
company said.
Hewlett Packard Enterprise Raises Shareholder Return Target to $7 Billion
Rising sales of storage and networking devices powered Hewlett
Packard Enterprise's core business during the holiday quarter,
helping the company raise its annual profit targets while boosting
planned returns to shareholders.
Takata Settles Joint Probe by U.S. States Into Faulty Air Bags
Takata Corp. agreed to pay a $650 million civil penalty to end
an investigation by the attorneys general of 44 U.S. states into
whether the parts supplier concealed problems with rupture-prone
air bags.
Dina Powell, ex-Trump Adviser, Weighs Return to Goldman
Dina Powell, who until recently served as a top
national-security adviser in the White House, is talking to Goldman
Sachs about returning to the firm.
Airbnb Adds Hotels and Luxury Listings to Bolster Growth
Airbnb Inc., looking to solidify sales ahead of an expected IPO,
is adding more hotels to its site, along with a loyalty program and
new tiers of listings that include luxury and more budget-friendly
offerings.
Tesla Begins Taking Model 3 Orders
Tesla for the first time is notifying some reservation holders
new to the electric-car brand that they can begin configuring and
ordering their Model 3 sedan.
SpaceX Lifts Two of Its Own Prototype Satellites Into Orbit
SpaceX launched into orbit a commercial payload with two
prototype communications satellites intended to pave the way for an
eventual constellation of thousands of similar internet-via-space
satellites.
A Reality Check for Wayfair
Investors have been feverishly pushing up Wayfair's stock
despite the company's growing losses, worsening free cash flow and
surging marketing spending. That run may finally be coming to an
end.
(END) Dow Jones Newswires
February 22, 2018 23:15 ET (04:15 GMT)
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