Apple Plans Wave of New Sites, Including an Austin Campus 
 

Apple said it plans to invest $1 billion to build a new campus in Austin, Texas, and will open new offices in Seattle, San Diego and Culver City, Calif.

 
Samsung Downsizes China Operations With Factory Closure 
 

Samsung Electronics will close a Chinese smartphone factory in the next two weeks, a retrenchment that comes as the South Korean technology giant shifts manufacturing to India and its sales flounder in China.

 
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.

 
 

(END) Dow Jones Newswires

December 13, 2018 05:15 ET (10:15 GMT)

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