Wells Fargo to Pay $1 Billion to Settle Risk Management Claims 
 

Wells Fargo agreed to pay $1 billion to settle federal claims of misconduct in its auto and mortgage lending businesses. The fine is the largest against a bank so far in the Trump administration.

 
GE Takes Hit From Old Mortgage Unit, Cites Other Progress 
 

GE reported a quarterly loss on a $1.5 billion charge related to a subprime mortgage business it once owned, but executives said they were making progress on their efforts to turn around its industrial businesses.

 
Takeda Sweetens Takeover Proposal for Shire 
 

Japan's Takeda said it had made a sweetened proposal to buy Shire after its three previous bids for the rival drugmaker that has drawn broader interest across the sector were rejected.

 
U.S. Questions Cosco's Takeover of Cargo Terminal in Long Beach 
 

A U.S. national-security review has raised concerns about Chinese state-run conglomerate Cosco Shipping taking control of a large container terminal in Long Beach, Calif., according to people familiar with the matter.

 
SunTrust Employee May Have Stolen Information About 1.5 Million Clients 
 

SunTrust Banks said that an employee may have stolen information of about 1.5 million customers, the latest example of a potential breach that underscores the vulnerability of consumers' private data.

 
Ford to Seek Bids for Parts of Advertising Business, Dealing Blow to WPP 
 

Ford Motor Co. has decided to open portions of its advertising business to bids, dealing a blow to its incumbent agency, WPP PLC.

 
Skechers Pinches Investors 
 

Skechers USA shares plunged on a disappointing outlook for the second quarter, but the stock has its charms.

 
Facebook Has a New Data Policy-Here's the Short Version 
 

Facebook just updated and expanded its data policy in light of the company's recent scandals.

 
Senior Porsche Executive Arrested in Connection With Volkswagen Scandal 
 

German police have arrested a senior Porsche executive in the wake of raids this week to gather evidence allegedly linking the sports car maker to Volkswagen's emissions scandal.

 
Engine Maker in Southwest Accident to Issue New Inspection Guidance 
 

The maker of the jet engine involved in a fatal accident on a Southwest Airlines jet this week plans to issue new inspection guidance for carriers on Friday, a General Electric spokesman said in a statement.

(END) Dow Jones Newswires

April 20, 2018 15:00 ET (19:00 GMT)

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