FDA Seeks Ban on Menthol Cigarettes

The Food and Drug Administration said it would seek a ban on menthol-flavored cigarettes. The cigarette industry says it may fight such a measure in the courts.

 
J.C. Penney's Revenue, Comparable Sales Fall

J.C. Penney's comparable-store sales in the latest quarter came in significantly lower than analysts' estimates and the retailer said it is withdrawing its earnings guidance for the year.

 
Dell Sweetens Tracking-Stock Deal After Facing Shareholder Pressure

Dell confirmed it is raising its offer to buy out an affiliate, a move that comes after the company faced pressure from large investors to sweeten the bid.

 
Walmart Posts Strong Sales Gains Ahead of Holidays

Walmart posted higher quarterly sales, continuing a run of solid growth as the world's largest retailer taps into online shopping and a robust U.S. economy ahead of the busy holiday season.

 
Activist Investor Gets Important Backing in Campbell Soup Fight

Institutional Shareholder Services is recommending that Campbell shareholders vote for all five of activist hedge fund Third Point's director nominees.

 
Berkshire Now Has a $4 Billion Stake in Largest U.S. Bank

Warren Buffett's Berkshire Hathaway took a $4 billion stake in JPMorgan Chase & Co. in the third quarter, adding to a list of other large holdings in major American financial institutions.

 
GE Credit Crunch Ripples Across Wall Street

A steep fall in GE's bonds to junk levels is roiling credit markets, spreading pain and gain among investors and banks.

 
Tencent Stock Rallies on Strong Earnings

Tencent stock closed 5.8% higher after the Chinese tech giant reported a 30% rise in profit, more than analysts expected. The boost still leaves the company's Hong Kong-listed shares down nearly 30% in 2018.

 
Steve Wynn Seeks to Stop Release of Massachusetts Investigation

Steve Wynn is asking a Nevada state court to stop Massachusetts gambling regulators from releasing a report on their investigation into sexual-misconduct allegations against the former casino mogul.

 
California's Largest Utility Pummeled by Wildfire Risks

California's largest utility suffered its steepest stock plunge in 16 years Wednesday as concerns grew that potential liability costs from destructive wildfires threaten the company's financial future.

(END) Dow Jones Newswires

November 15, 2018 11:00 ET (16:00 GMT)

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