Wells Fargo's 401(k) Practices Probed by Labor Department

The Labor Department is examining whether Wells Fargo has been pushing participants in low-cost corporate 401(k) plans to roll their holdings into more expensive individual retirement accounts at the bank.

 
Huawei Scraps Bond Sale After U.S. Criminal Probe Comes to Light

Huawei Technologies scrapped plans for a bond sale following revelations that the Justice Department is investigating whether the Chinese cellular giant violated U.S. sanctions related to Iran.

 
GM's Profit Sinks on Restructuring, Other Costs

GM's first-quarter net income sank 60% amid hefty restructuring costs in South Korea and lost production in the U.S. from planned factory downtime.

 
UPS's Balancing Act: More Packages, Less Spending

Executives spoke often of accelerating a review of the company's operations after it reported its latest quarterly results.

 
PepsiCo Plans Ad Blitz to Buoy Its Soda Business

PepsiCo said it would boost advertising for its cola brands in the U.S. and consider whether to separate or spin off its bottling operations as it seeks to reverse declines in its home market where it had been focusing on healthier drinks.

 
Southwest Forecasts Weaker Bookings After Fatal Accident

Southwest Airlines said bookings have dropped since last week's fatal accident on a flight from New York to Dallas as the company and rival carriers are also facing a sharp jump in fuel prices, prompting some to raise fares.

 
Why Amazon and Google Haven't Attacked Banks

Banks are emerging as big potential customers for the cloud-computing businesses of Amazon.com, Alphabet and Microsoft, making technology companies think twice about alienating them by becoming direct competitors.

 
Tesla's Autopilot Hit With More Turmoil as Leader Departs for Intel

The head of Tesla's Autopilot semiautonomous-driving system departed for Intel, adding new turmoil to a key program for the auto maker that is already beset by executive departures and safety questions.

 
Fiat Chrysler Profit Surges on Strong Sales of Jeeps, Pickups

Fiat Chrysler Automobiles said its earnings rose 60% in the first quarter on strong sales of its most profitable vehicles, keeping its margins above rival Ford Motor.

 
Snap Tries Again With High-Tech Specs

Snap is trying a reboot with its video-recording sunglasses, Spectacles, that had a splashy debut-and then fizzled-when introduced just over 18 months ago.

(END) Dow Jones Newswires

April 26, 2018 13:00 ET (17:00 GMT)

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