News Highlights: Top Company News of the Day
April 20 2018 - 5:30PM
Dow Jones News
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 17:15 ET (21:15 GMT)
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