Chinese Regulator Seizes Anbang

China's insurance regulatory agency took control of hard-charging, acquisitive Anbang Insurance, saying the action is needed to avoid a collapse of the firm following suspected illegal activity and the downfall of its once-highflying chairman.

 
Maersk Expects Uptick in Fuel Costs Due To New Maritime Regulations

A. P. Moeller-Maersk A/S is bracing for higher expenses stemming from new rules that limit the sulfur content of bunker fuel from 2020 onward, the company's finance chief said.

 
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.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

February 23, 2018 03:00 ET (08:00 GMT)

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