Warburg Pincus Plans $1 Billion Property Joint Venture in China 
 

Private-equity firm Warburg Pincus and a Chinese partner plan to plow $1 billion into distressed properties in China's megacities.

 
Guggenheim Creates Loan Fund for Retail Investors 
 

Guggenheim Partners launched its first ever fund to invest in loans to midsized companies targeted at retail investors.

 
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.

 
Tailored Brands Trims Outlook 
 

Tailored Brands Inc. lowered its outlook for the year after sales at its Men's Wearhouse business softened last month.

 
Justice Department Closes Criminal Investigation of SeaWorld 
 

The Justice Department has closed a criminal investigation into SeaWorld Entertainment over its response to a 2013 film that criticized the company's treatment of killer whales and caused its attendance and stock to drop.

 
Cryptocurrency Startup Settles Fraud Accusations 
 

One of the first startups sued by U.S. regulators over its initial coin offering will pay $2.3 million after being accused of scamming investors through claims such as building a cryptocurrency bank.

 
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.

 
U.K. Electricity-Network Operator National Grid Names CFO 
 

U.K. natural-gas and electricity-network operator National Grid appointed interim Chief Financial Officer Andy Agg as permanent finance chief.

 
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.

 
New York's Russian Samovar Restaurant Files for Bankruptcy 
 

Russian Samovar Inc., a New York restaurant once co-owned by ballet legend Mikhail Baryshnikov and featured in the "Sex and the City" television series, has filed for bankruptcy, citing a $199,000 lease dispute.

(END) Dow Jones Newswires

December 13, 2018 01:00 ET (06:00 GMT)

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