Wells Fargo's General Counsel, Former Interim CEO Parker to Leave

Wells Fargo & Co. said Thursday its general counsel who recently served a stint as interim chief executive, C. Allen Parker, will leave to pursue other opportunities.

 
Walmart Sales Rise; E-Commerce Efforts Get a Lift From Food

Walmart said sales rose in the most recent quarter, a sign that the retailer continues to take market share from competitors and benefit from strong consumer spending ahead of the holiday shopping season.

 
Daimler Warns on Profits, Aims to Cut Labor Costs

The Mercedes-Benz maker plans to cut more than 1,000 executive positions as part of an attempt to reduce labor costs by $1.1 billion by 2022, but warned that this and efforts to meet stricter emission targets would dent profits for the next two years.

 
Viacom Earnings Fall on Lower Revenue, Streaming Investments

Viacom's profit in the last quarter of its fiscal year fell as a combination of lower revenue and increased investment in new online streaming services weighed in on its bottom line.

 
Yahoo-Line Merger Plan Raises Hopes for Japanese 'Super App'

Investors welcomed plans for a merger to create an internet-services giant in Japan controlled by SoftBank founder Masayoshi Son, but Yahoo Japan and chat app Line face challenges combining their businesses.

 
Uber Challenges Los Angeles's Suspension of Its Scooters

The company has requested a hearing with Los Angeles officials after the city suspended its permit to rent out electric scooters over a data-sharing dispute.

 
Burberry's New Look Is Fully Priced

Investors are lavishing praise on Burberry for modest sales growth in a booming luxury market. A comparison with where Gucci was at the same phase of its revamp is less flattering.

 
For Ethical Investors, Oil Isn't Aramco's Only Problem

Can an oil and gas company count as a sustainable or ethical investment? In Saudi Aramco's case, the obvious question of its carbon emissions may not even be the main problem for the increasing numbers of investors who focus on environmental, social and governance criteria.

 
Icahn Backs Xerox's Big Bid, Reveals Stake in Target HP

Activist investor Carl Icahn is pushing for the proposed merger of Xerox and HP. He revealed a stake in HP that could increase pressure for a tie-up.

 
Daimler Outlook Disappoints

Daimler plans to cut jobs and save more than EUR1 billion in personnel costs over the next three years but the luxury car maker's profitability outlook disappointed analysts and its stock fell.

(END) Dow Jones Newswires

November 14, 2019 11:00 ET (16:00 GMT)

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