General Mills, Maker of Cheerios, Now Wants to Feed Your Dog, Too

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.

 
China's 'Heavy Hand' With Anbang Rattles Some Analysts

Chinese regulators' move to seize Anbang Insurance, which some view as a quasi-nationalization of the company, sheds light on how far these so-called gray-rhino conglomerates have fallen out of favor with President Xi Jinping's government.

 
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.

 
Volkswagen Results Benefit From Strong Sales, Cost Cutting

Volkswagen, the world's biggest car maker by sales, said net income more than doubled last year on the back of strong sales of its marques and the effect of cost-cutting at its flagship VW brand.

 
Citi to Refund $335 Million in Card Charges

Citigroup, one of the largest U.S. credit-card issuers, said Friday that it failed to lower interest rates for some credit-card customers as required by federal law.

 
BB&T Restores ATM Service, Online Banking Problem Persists

BB&T Corp. was grappling with technical problems that left customers unable to use online-banking services, but it resolved a glitch that had locked customers out of ATMs since Thursday.

 
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.

 
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.

(END) Dow Jones Newswires

February 23, 2018 13:00 ET (18:00 GMT)

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