News Highlights: Top Company News of the Day
November 23 2017 - 5:30PM
Dow Jones News
Tesla Delivers the World's Biggest Battery-and Wins a Bet
An enormous Tesla-built battery system-storing electricity from
a new wind farm and capable of supplying 30,000 homes-will be
powered up over the coming days, beating the money-back deadline
set by CEO Elon Musk.
Amazon With Pumpkin Pie? Holiday Shopping Starts on Your Phone After Dinner
Mobile phones have accelerated a fundamental change in holiday
shopping: online buying on Thanksgiving.
Have Trillions of Fed Dollars Broken a Bond Market Warning Sign?
The yield gap between short and long-term Treasurys has shrunk
to its narrowest level since 2007, the year the financial crisis
gathered steam. But few investors and economists are worried that a
repeat of the 2008 meltdown is in store.
HSBC's Global Banking Co-Head Leaves After 18 Months
HSBC's global banking co-head, Matthew Westerman, will leave
after a turbulent 18 months at the bank, staff were told in a
memo.
The Next Billion-Dollar Boom in Chinese Tech
Many Chinese companies want to tap into the power of artificial
intelligence and cloud computing to increase efficiency and cut
costs, spelling huge opportunity for the enterprise-applications
market.
Saying Bye to Buybacks
Large companies are repurchasing their shares at the slowest
pace in five years, as record U.S. stock indexes and an expanding
economy propel more money out of flush corporate coffers into
capital spending and mergers. .
Centrica Slides on Profit Warning
Shares in utility Centrica suffered their biggest intraday drop
ever, sliding by more than 16% after the company issued a profit
warning for 2017.
Fiat Chrysler Recalls Brand New Compact SUVs for Airbag Defect
Fiat Chrysler Automobiles NV said Wednesday it is recalling
about 8,000 late-model Jeep SUVs to fix defective airbags that pose
a potential hazard to front-seat passengers.
Carl Icahn Buys Stake in SandRidge Energy
Carl Icahn has purchased a 13.5% stake in SandRidge Energy Inc.,
joining a list of shareholders who say a deal the oil-and-gas
producer struck last week for Bonanza Creek Energy Inc. makes
little sense.
Trump Organization Ends Affiliation With Soho Hotel
The Trump name will no longer adorn a lower Manhattan hotel that
was once considered a jewel in the family's international
real-estate portfolio.
(END) Dow Jones Newswires
November 23, 2017 17:15 ET (22:15 GMT)
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