Lyft Is Planning to List Shares on Nasdaq

The ride-hailing company is expected to make its IPO filing public as early as next week.

 
HSBC Co-Head of Global Banking to Leave

HSBC Holdings co-head of global banking Robin Phillips will leave the bank this summer, following the hiring of a new co-head last October.

 
Thermo Fisher to Stop Sales of Genetic Sequencers to China's Xinjiang Region

Thermo Fisher Scientific said it will no longer be selling or servicing genetic sequencers in China's Xinjiang region, following mounting criticism of their use there for state surveillance of citizens.

 
Deutsche Bank Lost $1.6 Billion on a Bond Bet

One of the banking industry's biggest soured bets since the financial crisis involved a complex municipal-bond investment. Warren Buffett was enmeshed in the deal.

 
Investor Starboard Unhappy With Bristol-Myers' Deal to Buy Celgene

Activist investor Starboard is unhappy with Bristol-Myers' deal to buy Celgene. The drugmaker's fifth-largest shareholder, Dodge & Cox, is also unhappy with the deal.

 
CVS Gives Downbeat Outlook for First Year as Merged Company

CVS Health offered a downbeat earnings projection for 2019, its first year as a merged health-care company, saying results would be dragged down by challenges in areas including its pharmacy-benefits and long-term-care businesses.

 
UBS Fined $4.2 Billion in French Tax-Evasion Case

French judges ordered UBS to pay a record $4.2 billion fine for helping wealthy people evade taxes, closing a chapter in the long-running case against the Swiss bank.

 
Gannett's Loss Widens as Ad, Circulation Revenue Fall

Gannett, which is facing a takeover bid, reported a wider loss in its latest quarter as advertisers continued to turn away from print media and circulation revenue fell.

 
Tesla Replaces Top Lawyer After Two Months in Latest Major Departure

Tesla is losing its general counsel two months after hiring him, replacing the veteran trial lawyer with a longtime insider who helped the electric car company navigate some of its biggest legal issues.

 
Glencore, the King of Coal, Bows to Investor Pressure Over Climate

Commodity trader Glencore said it plans to cap its coal output in line with a global transition away from high-carbon-emitting fuels, a sharp shift for a company that for years has been bullish about the commodity.

(END) Dow Jones Newswires

February 20, 2019 17:00 ET (22:00 GMT)

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