What's News: Business & Finance -- WSJ
January 25 2020 - 3:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (January 25, 2020).
Commerce Department officials have withdrawn proposed
regulations that would make it harder for U.S. companies to sell to
Huawei from their overseas facilities, following objections from
the Pentagon and the Treasury Department.
The mortgage market in 2019 had its best year since the height
of the precrisis boom, the latest sign housing is firming up after
showing weakness early last year.
A California couple whose solar company counted Berkshire
Hathaway as an investor pleaded guilty to running a $900 million
Ponzi scheme.
Oil prices suffered their worst week in more than a year,
dragged lower by fears that the spreading coronavirus outbreak will
weigh on economic growth.
U.S. stocks fell Friday, with the Dow shedding 0.6% and the
S&P 500 and Nasdaq both losing 0.9%. The indexes posted losses
for the week.
Business activity in the U.S. improved in early 2020,
contrasting with weaker economic performance in some other major
economies.
The latest trial over Bayer's Roundup weedkiller was postponed
indefinitely to allow room for settlement talks to continue.
(END) Dow Jones Newswires
January 25, 2020 02:47 ET (07:47 GMT)
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