Wells Fargo Close to $1 Billion Settlement on Risk Management

The San Francisco-based bank is close to settling claims by federal regulators related to its risk management, involving a fine of as much as $1 billion.

 
Philip Morris Shares Plunge for Worst Day in a Decade

Shares of tobacco companies tumbled after Philip Morris said cigarette shipments fell more than expected and sales for its cigarette alternative started to stall in a key market-raising wider alarm about the health of the entire tobacco industry.

 
Mattel Names New CEO as It Seeks Answer to Sales Slump

Mattel hired former studio executive Ynon Kreiz to replace CEO Margo Georgiadis after about one year in the job, a surprising shake-up at a toy maker searching for a strategy that can end a four-year sales slump.

 
Fast-Growing Shire PLC Had Pharmaceutical Rivals in a Takeover Frenzy

Drugmaker Shire PLC rebuffed a takeover bid from rival Takeda Pharmaceutical Co., then Allergan PLC took a look.

 
Allergan Says It Won't Make a Bid for Shire After All

Drug maker Allergan said it won't submit an offer for rival Shire, changing its tune just hours after Allergan said it was considering such an offer.

 
Activist Investor, Following Whole Foods Playbook, to Push for Changes at Pinnacle Foods

Jana Partners LLC has amassed a large stake in Pinnacle Foods Inc. and lined up possible board nominees in a push to make changes at the food company

 
Southwest Passenger Died of Blunt-Impact Trauma, Officials Say

Jennifer Riordan, a 43-year-old bank executive from New Mexico, died from blunt-impact trauma to the head, neck and torso, according to officials.

 
Kushner Cos. Subpoenaed Over Tenant Records

The company run by the family of White House adviser Jared Kushner received a federal grand-jury subpoena for information related to paperwork the company filed in New York City concerning its rent-regulated tenants.

 
AT&T Chief Takes Stand to Defend Time Warner Deal

AT&T's Randall Stephenson began his court testimony defending his company's $85 billion acquisition of Time Warner against the Justice Department's antitrust claims.

 
Big Brands Like Raising Prices, but It Is Getting Harder

The world's biggest consumer-products makers are struggling to raise prices, as fierce competition keeps a lid on sales growth.

(END) Dow Jones Newswires

April 19, 2018 19:00 ET (23:00 GMT)

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