Constellation CEO Rob Sands to Step Down From Corona Brewer

Rob Sands, the third in his family to lead the upstate Victor, N.Y. company, will step aside as chief executive on March 1, entrusting Constellation's future to one of his lieutenants, Bill Newlands.

 
EBay Sues Amazon, Alleging Sellers Were Illegally Poached

EBay.com filed a lawsuit against Amazon.com, accusing the company of illegally poaching sellers on its marketplace via eBay's internal messaging system.

 
Funds Back Proposal to Remove Zuckerberg as Facebook Chairman

Several public funds with holdings in Facebook are backing a shareholder proposal to push out CEO Mark Zuckerberg as chairman.

 
United, Delta Climb on Business-Class Demand

Strong demand for premium travel is helping U.S. carriers like United and Delta offset higher fuel costs.

 
IBM Shares Slide as Revenue Drop Renews Concerns

Shares of International Business Machines fell Wednesday after the company's drop in revenue renewed concerns about the tech giant's growth prospects.

 
SEC Charges Former Insurance Wunderkind With Fraud

The SEC 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

Some members of the family that has controlled Campbell Soup for more than a century said they would work together to block activist investor Daniel Loeb's attempt to replace the food-maker's board of directors.

 
Uber Targets Trucking With New Trailer-Rental Business

Uber, trying 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.

 
Risk of Bank-Like Regulation Fades for Big Financial Firms

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 and signaling lowered regulatory risk for non-bank financial firms.

 
U.S. Bancorp's Loan Growth Lifted by Consumers

U.S. Bancorp said third-quarter net income rose 16% from a year earlier as its average loan balance grew thanks to higher lending in areas such as credit cards and residential mortgages.

(END) Dow Jones Newswires

October 17, 2018 17:00 ET (21:00 GMT)

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