BJ's Wholesale Club Set For IPO

The private-equity owners of BJ's Wholesale Club are preparing to take the company public in the coming months, people familiar with the deal said.

 
Airline Regulators Call for Emergency Inspections of Boeing 737 Engines

U.S. aviation regulators in the wake of this week's fatal Southwest Airlines accident are expected as soon as today to impose emergency inspection requirements for certain jet engines going beyond what they previously proposed, according to people familiar with the issue.

 
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.

 
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.

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

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

 
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.

 
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.

 
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.

 
HSBC CEO Says Bank Overhaul Strategy 'Is Working'

HSBC Holdings' new CEO John Flint signaled much of the heavy lifting in the U.K. bank's overhaul is done and that his leadership will be a period of evolution not revolution.

 
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 17:00 ET (21:00 GMT)

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