News Highlights: Top Company News of the Day
April 20 2018 - 7:30PM
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 imposed emergency inspection
requirements for jet engines that power many Boeing 737 jetliners
around the world.
U.S. Arm of Insurer AXA Seeking to Raise $4 Billion in IPO
AXA Equitable Holdings, the U.S. arm of the French insurer AXA,
plans to begin showcasing itself to investors next week for what
would be the biggest U.S.-listed IPO of the year so far, measured
by amount of money raised.
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.
U.S. Probes Wireless Carriers' Work on SIM Card Alternative
The U.S. Justice Department is investigating whether U.S.
wireless carriers and an industry trade group teamed up to make it
harder for cellphone subscribers to switch providers.
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.
(END) Dow Jones Newswires
April 20, 2018 19:15 ET (23:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.