Xerox Says CEO Had Authority on Fujifilm Deal Talks 
 

Xerox Corp. defended Chief Executive Jeff Jacobson against a billionaire shareholder's accusations and said he had proper board authority to negotiate a deal with Fujifilm Holdings Inc.

 
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.

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

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

 
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

 
Mattel Taps Its Fourth CEO in as Many Years 
 

Mattel hired former studio executive Ynon Kreiz to succeed 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.

 
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.

 
Russian Crackdown on Messaging App Sparks Business Outages 
 

When Russia's communications regulator tried to shut down a messaging app, hundreds of businesses and sites got caught in the web, underscoring how far Kremlin is willing to go to tighten its grip on the internet.

 
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 for Information Related to Housing Filings 
 

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.

(END) Dow Jones Newswires

April 19, 2018 21:15 ET (01:15 GMT)

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