What's News: Business & Finance -- WSJ
April 04 2017 - 3:02AM
Dow Jones News
Tesla overtook Ford as the No. 2 U.S. auto firm by stock-market
value, as the electric-car maker's market cap rose to $48.7
billion.
China's yuan has been strengthening against the dollar, a rise
that could weaken U.S. claims of currency manipulation.
Ultra's CEO stands to get $35 million in stock when the firm
exits from bankruptcy, due to higher gas prices.
J. Crew's creative chief is leaving the apparel firm, which is
struggling with soft sales and heavy debt.
North Korea was linked to a hacking group blamed for the
cyberattack on Bangladesh's central bank.
Reckitt Benckiser, the U.K. owner of French's mustard, started a
strategic review of its food business.
Mylan was hit with a suit alleging the drug firm overcharged
EpiPen patients as part of a sales scheme.
An Apple supplier raised the prospect of a patent fight after
the iPhone maker said it would stop using its GPUs.
Google unveiled steps to help marketers track where YouTube ads
appear.
Factory activity grew at a healthy pace in March, while firms
faced rising raw-materials costs.
Stocks eased as investors sold consumer-discretionary shares.
The Dow shed 13.01 points to 20650.21.
Indian stocks rose to a record on optimism about economic
expansion.
(END) Dow Jones Newswires
April 04, 2017 02:47 ET (06:47 GMT)
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