Activist Starboard Seeks Board Seats at Cars.com

Starboard Value is taking a step further as an activist investor in Cars.com and has nominated four people it wants to be named to the board of the car-search engine company at its annual meeting next month.

 
General Mills to Buy Pet-Food Maker Blue Buffalo for About $8 Billion

General Mills has agreed to buy Blue Buffalo Pet Products for about $8 billion, as the food giant looks for a piece of the fast-growing natural pet-food market.

 
Royal Bank of Canada's Earnings Hit by Tax Charge

Profits fell slightly at Royal Bank of Canada as the company recorded an anticipated charge from the new U.S. tax law.

 
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.

 
Playing With $100 Billion, Warren Buffett Is Giant Trader of U.S. Treasury Bills

Warren Buffett's Berkshire Hathaway has used its mounting cash pile to become one of the world's largest owners of U.S. Treasury bills after struggling to find big companies to buy in recent years.

 
Russian Tycoon Deripaska Quits as President of Rusal

Russian tycoon Oleg Deripaska, who has faced scrutiny over his ties to the Kremlin and former Trump campaign chairman Paul Manafort, is stepping back from the presidency of his giant aluminum company.

 
RBS Makes First Full-Year Profit in Decade Despite 4Q Loss

Royal Bank of Scotland said that it made its first full-year profit in ten years in 2017, despite a fourth-quarter loss.

 
Latvia Seeks to Ease Concerns Over Bank Facing U.S. Sanctions

Latvian regulators sought to reassure the public about the solidity of the country's banking system, as authorities weighed emergency assistance for a Latvian bank facing U.S. sanctions for allegedly helping North Korea.

 
Auto Makers Race to Build a Cheaper Electric Car for India, Other Growing Markets

The world's auto makers are vying to build an affordable electric car to target drivers in emerging economies and potentially create a competitor to Chinese-made vehicles.

 
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.

(END) Dow Jones Newswires

February 23, 2018 11:00 ET (16:00 GMT)

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