GM CEO Is Under Fire From Trump, Lawmakers Over Restructuring

General Motors Chief Executive Mary Barra faces bipartisan anger in Washington over the company's plans to cut 14,800 jobs and close four plants despite robust profits and a strong economy.

 
Lowe's Adds $10 Billion to Stock Buyback Program

Lowe's plans to increase its share buyback program by $10 billion, as the home-improvement retailer looks to turn investor sentiment and prove to Wall Street its business and growth plans are on solid footing.

 
CBS News Settles Harassment Suit From Three Colleagues of Charlie Rose

CBS News settled a lawsuit, for undisclosed terms, brought by three women who alleged they were harassed by former on-air personality Charlie Rose.

 
P&G Buys Walker to Expand Offerings to African-Americans

Procter & Gamble agreed to acquire Walker & Co. as the consumer-products giant looks to serve more African-Americans with health and beauty products.

 
Tencent Music Opens Higher in Trading Debut

Tencent Music Entertainment Group, one of the biggest initial public offerings in the U.S. in recent years, opened above its IPO price in its trading debut.

 
China's Detention of Canadian Seen as Retaliation for Huawei Arrest

Beijing's detention of a former Canadian diplomat is being seen by friends and former colleagues as payback for Canada's arrest of a well-connected Chinese telecommunications executive at the behest of the U.S.

 
Bausch Health Agrees to Buy Synergy Pharmaceuticals for $200 Million

Synergy Pharmaceuticals filed for bankruptcy with a plan to sell its assets to Bausch Health Companies for about $200 million in cash.

 
Walmart, Express Scripts Extend Prescription-Services Agreement

Walmart and pharmacy-benefit manager Express Scripts have extended their network agreement to provide access to Walmart's prescription services for Express Scripts clients' covered members.

 
Elliott Takes Big Stake in Pernod, Maker of Absolut, Chivas Regal

Activist hedge fund Elliott Management has built a roughly $1 billion stake in Pernod Ricard, calling on the owner of Chivas Regal whisky and Absolut vodka to shake up management to jump-start lagging profit margins.

 
Credit Suisse to Buy Back up to $3 Billion in Shares

Swiss lender Credit Suisse moved to shore up confidence among investors by launching a share buyback of up to 3 billion francs over the next two years, as it confronts a steep drop in its share price.

(END) Dow Jones Newswires

December 12, 2018 17:15 ET (22:15 GMT)

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