SEC Charges Former Insurance Wunderkind With Fraud 
 

The Securities and Exchange Commission charged Alexander Chatfield Burns, a former insurance industry wunderkind, with fraud, claiming he and an associate diverted more than $300 million from insurers they controlled.

 
Campbell Soup-Maker Descendants  Say They Support Board 
 

Key members of the family that effectively controls Campbell Soup said they would support the current board, narrowing the odds for activist investor Daniel Loeb to replace the 12-person board.

 
Uber Targets Trucking With New Trailer-Rental Business 
 

Uber Technologies, in its ongoing quest to move beyond its unprofitable business of connecting drivers with passengers, is adding a new tractor-trailer rental business to help big-rig truckers haul freight around the country.

 
Regulators Rescind Federal Oversight of Prudential Financial 
 

U.S. regulators removed federal oversight of Prudential, granting the firm a victory after a yearslong effort to prove it didn't deserve tighter scrutiny.

 
U.S. Bancorp Profit Rises on Lower Expenses 
 

Revenue grew at a quicker pace than expenses in U.S. Bancorp's third quarter as the regional bank reported a 16% increase in profit from a year earlier.

 
Tesla Advances in China, Buying Land Purchase for a Factory 
 

Elon Musk's electric-vehicle maker is speeding up construction of a plant in Shanghai in response to the U.S.-China trade dispute.

 
Tastemade Orders Up $35 Million Funding Round, Aims to Cash In on Data 
 

Tastemade, a Santa Monica, Calif.-based digital-video company that pairs bite-sized videos with audience data, has raised $35 million in its latest funding round, the company said.

 
Pilot Shortage Hurts Airlines, But There's a Winner 
 

Airlines will struggle to find enough pilots to meet their expansion plans over the coming years. That's a tailwind for companies that help train them.

 
Abbott Laboratories Meets Views, Narrows Outlook 
 

Abbott Laboratories reported a profit for the third quarter of $563 million, or 32 cents a share, down from $603 million, or 34 cents a share, a year earlier

 
Can U.S.-China Tensions Derail Two Big Deals? 
 

Chinese regulators have yet to give their blessing to two major deals involving U.S. companies. Now would be a bad time for Beijing to arouse more hostility in Washington.

(END) Dow Jones Newswires

October 17, 2018 11:15 ET (15:15 GMT)

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