What's News: Business & Finance -- WSJ
May 24 2017 - 3:02AM
Dow Jones News
Glencore has approached grain trader Bunge about combining,
which would give the Swiss miner a major presence in U.S.
agriculture.
Fiat Chrysler was sued by the Justice Department, which alleged
the car maker used illegal software to cheat on emissions
tests.
China's credit rating was cut by Moody's, which cited
expectations for a deterioration in the country's financial
strength in coming years.
Mexico and Canada said talks with the U.S. to update Nafta
should be trilateral, and that bilateral pacts would be
impractical.
New-home sales fell sharply in April, a potential sign of
weakening in the market amid rising prices and limited
inventories.
Uber said it mistakenly underpaid New York City drivers for the
past 2 1/2 years, an error that will likely cost it tens of
millions of dollars.
The Labor Department cleared the fiduciary rule for retirement
savings to take effect in June.
Financial shares lifted U.S. stocks to a fourth day of gains.
The Dow rose 43.08 points to 20937.91.
Target agreed to pay $18.5 million to resolve an investigation
by state prosecutors into a 2013 hack.
Sears reached an agreement to extend the maturities for some of
its debt.
Honeywell will decide whether to break off its aerospace
division by the fall, the company said.
(END) Dow Jones Newswires
May 24, 2017 02:47 ET (06:47 GMT)
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