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Last Build Date: Wed, 26 Oct 2016 00:36:03 EDT

Copyright: copyright © 2016 Dow Jones & Company, Inc.

Sumner Redstone Suing Former Companions

Tue, 25 Oct 2016 20:39:03 EDT

Media mogul Sumner Redstone has sued two former companions, alleging they abused him, took more than $150 million and left him in debt.

Mondelez International Earnings -- What to Watch

Tue, 25 Oct 2016 20:09:31 EDT

Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, is scheduled to report its second-quarter earnings before the market opens Wednesday.

Edwards Lifesciences Shares Fall After-Hours

Tue, 25 Oct 2016 19:42:37 EDT

Shares of Edwards Lifesciences fell sharply in after-hours trading Tuesday after the medical-device maker reported lower-than-expected sales of its minimally-invasive heart valves in the third quarter.

LendingClub to Offer Auto Loans

Tue, 25 Oct 2016 19:21:25 EDT

Online lender LendingClub Corp. said Tuesday that it was expanding into auto loans, a change in tack for a company that has spent nearly six months retrenching following the ouster of its founder and chief executive.

Equity Residential Reports Lower Revenue

Tue, 25 Oct 2016 17:27:15 EDT

Billionaire Sam Zell’s real-estate company Equity Residential reported its third straight revenue decline and revised its financial targets for the year on continued market weakness.

Vertex Pharmaceutical Reports Narrower Loss

Tue, 25 Oct 2016 17:07:59 EDT

Vertex Pharmaceuticals cut its quarterly loss in half as sales rose 34%, driven by its cystic fibrosis drugs Kalydeco and Orkambi.

Germany's Thyssenkrupp to Sell Brazilian Steel Plant to Ternium

Tue, 25 Oct 2016 16:48:24 EDT

German engineering giant Thyssenkrupp is in talks with Ternium to sell its large steel plant in Brazil, a step that would finish unwinding the German company’s unsuccessful investment push in the Americas, according to people familiar with the matter.

Edwards Lifesciences Profit Rises 20%

Tue, 25 Oct 2016 16:28:28 EDT

Edwards Lifesciences said its third-quarter earnings rose 20% as sales of its nonsurgical heart valves continued to drive the medical device maker’s results.

VW Buyback Deal on Diesel-Emissions Scandal Approved

Tue, 25 Oct 2016 21:58:45 EDT

Volkswagen received final approval of a $14.7 billion deal reached with consumers and government agencies that could get nearly half a million dirty diesel vehicles off U.S. roads.

Basic Energy Files for Chapter 11 Protection

Tue, 25 Oct 2016 14:32:09 EDT

Oil-well servicer Basic Energy Services Inc. filed for bankruptcy protection on Tuesday with a plan to cut some of its $1.14 billion in debt, unable to wait for energy prices to rebound.

OneWeb in Talks With Japan's SoftBank About Potential Linkup

Tue, 25 Oct 2016 13:00:07 EDT

OneWeb, a satellite-internet startup whose backers include Airbus and entrepreneur Richard Branson, is in talks with Japan’s SoftBank Group about a potential strategic linkup, according to people familiar with the matter.

Merck Drug Gets FDA Approval as a First-Line Lung Cancer Treatment

Tue, 25 Oct 2016 11:54:21 EDT

Merck & Co.’s immunotherapy cancer drug Keytruda received U.S. Food and Drug Administration approval as a first-line treatment for certain lung cancer patients.

Pentagon Is Expected to Split Lockheed's Next F-35 Order

Tue, 25 Oct 2016 11:34:25 EDT

The U.S. Defense Department said it may split a $14 billion order for the next two batches of F-35 combat jets after failing to reach agreement on a single deal with lead contractor Lockheed Martin.

Coca-Cola Earnings: What to Watch

Tue, 25 Oct 2016 11:21:48 EDT

Investors will be looking for updates on Coke’s divestment drive as it focuses on its more profitable concentrate business

Valero Energy Profit Falls 55%

Tue, 25 Oct 2016 10:40:53 EDT

Valero Energy said its third-quarter earnings fell 55% as its refining business was hit by weaker margins for gasoline and other refined products. Per-share earnings, excluding certain items, and revenue topped expectations.

IBM in Settlement Talks With Australia Over Botched Online Census

Tue, 25 Oct 2016 10:09:00 EDT

International Business Machines is negotiating a settlement with Australia’s government over a bungled effort to oversee the country’s first online census.

Deal Making Preserves Coors Clan as American Beer Dynasty

Tue, 25 Oct 2016 19:58:24 EDT

Pete Coors, vice chairman of Molson Coors Brewing, has pursued a series of deals that preserved the independence of the family business, helping his clan survive in an industry other American beer dynasties fled long ago.

Heathrow Runway Expansion Faces Long Taxi to Take Off

Tue, 25 Oct 2016 09:36:28 EDT

Even with the British government’s decision to back expansion of London Heathrow Airport, it could take almost a decade before airplanes touch down on the new runway.

Suez Canal in Talks With Ship Operators for Advance Toll Payments

Tue, 25 Oct 2016 08:07:52 EDT

Egypt’s Suez Canal Authority is in talks with the world’s biggest container-shipping operators to change the way it charges tolls for crossing the waterway by levying charges for three or five years in advance.

Germany Inc. Sits on $500 Billion in Cash Amid Weak Outlook

Tue, 25 Oct 2016 20:06:34 EDT

German companies are sitting on a half-trillion dollars of cash but are reluctant to invest it in their own country, potentially threatening the country’s competitive edge and European growth.

Syngenta-ChemChina Deal Closing Likely to Be Delayed

Tue, 25 Oct 2016 10:07:50 EDT

Swiss seed and pesticide maker Syngenta said regulatory approval of its proposed acquisition by ChemChina is likely to be delayed into early 2017 as regulators seek more information amid a consolidation wave in the sector.

Novartis Profit Helped by GlaxoSmithKline Joint Venture

Tue, 25 Oct 2016 06:28:38 EDT

Novartis’s third-quarter net income grew thanks to proceeds from its consumer health venture with GlaxoSmithKline, helping to offset declining revenue and heavy investment in its new heart-failure medicine and its ailing eye-care unit.

DP World Container Volumes Rise in Tough Trading Conditions

Tue, 25 Oct 2016 02:54:31 EDT

Dubai-based port operator DP World handled more containers in the first nine months of the year compared with the same period last year, helped by higher volumes in Europe and India, though its home terminal processed less cargo.

Security Worries Led Germany to Question Chinese Takeover of Aixtron

Tue, 25 Oct 2016 11:52:35 EDT

The German government reopened its review of a $728.89 million Chinese takeover of chip equipment maker Aixtron because of security concerns, the buyer said.

Crown's VIP Ambitions Clouded by Crackdown in China

Tue, 25 Oct 2016 06:03:26 EDT

As Beijing seeks to root out corruption and stem the flow of money abroad, the Australian casino’s efforts to attract Chinese high rollers could prove a losing bet.

Detroit Increases Truck Capacity; Signs of Market Peak Appear

Mon, 24 Oct 2016 22:05:43 EDT

GM, Ford and Fiat Chrysler are pledging to expand U.S. capacity to make pickups and SUVs as passenger car sales slump, exacerbating a budding price war for the industry’s best-selling vehicles.

Germany Withdraws Approval of Chinese Takeover of Aixtron

Mon, 24 Oct 2016 21:43:45 EDT

Germany’s government has withdrawn its approval of a $729 million Chinese takeover of Aixtron, the company said, the latest sign of government alarm about a wave of Chinese takeovers.

Hanjin Shipping to Close European Operations

Mon, 24 Oct 2016 21:32:01 EDT

The company’s decision to close all of its 10 business operations in Europe is the latest sign that may be heading toward liquidation.

AT&T Deal Faces Tough Climate

Tue, 25 Oct 2016 08:38:20 EDT

AT&T’s $85.4 billion deal to buy Time Warner sails toward two cresting waves of opposition: resurgent antitrust enforcement in Washington and politicians fired by a new bipartisan populist rage.

Retailers Rushed to Hire for Holidays, a Sign of Tight Labor Market

Mon, 24 Oct 2016 19:35:46 EDT

Data from job-search site shows retailers, and the warehouse and logistics firms they compete with for seasonal labor, started searching for temporary workers a month earlier than in recent years.

Nordstrom's Finance Chief to Retire Next Spring

Mon, 24 Oct 2016 18:58:34 EDT

Nordstrom CFO Michael G. Koppel intends to retire next spring, the retailer said Monday.

Gannett Plans to Cut 2% of Its Workforce

Mon, 24 Oct 2016 17:54:41 EDT

Gannett Co. plans to cut 2% of jobs and invest in more acquisitions to transform its business, according to a memo to staff, as the newspaper industry struggles with a particularly turbulent advertising environment.

AT&T, Time Warner Shares Drop Amid Investor Skepticism

Mon, 24 Oct 2016 23:47:21 EDT

AT&T can add Wall Street to the list of parties skeptical of its $85.4 billion deal to buy Time Warner.

Car Makers Struggle With Dashboard Screens

Mon, 24 Oct 2016 23:26:41 EDT

Auto makers racing against Silicon Valley to develop self-driving cars and electric vehicles face technological challenges with a longstanding mainstay: the dashboard screen.

Petrobras, Total Create Alliance to Explore Energy Projects

Mon, 24 Oct 2016 16:37:59 EDT

Brazilian state oil company Petroleo Brasileiro and French oil giant Total said Monday they will create a strategic alliance to evaluate and explore energy sector projects.

Faith-Based Investor Group Calls for Transparency in Drug Pricing

Mon, 24 Oct 2016 21:42:35 EDT

A group of 300 institutional investors, including many with ties to religious organizations, is waging a new campaign to press drugmakers to justify their price increases.

Catholic Health Initiatives, Dignity Health in Merger Talks

Mon, 24 Oct 2016 18:25:39 EDT

Hospital operator Catholic Health Initiatives, which has struggled after rapid expansion and a foray into health insurance, is in merger talks with Dignity Health to create one of the nation’s largest nonprofit hospital systems by revenue.

Oil Companies Reach Debt-Restructuring Deals

Mon, 24 Oct 2016 15:38:27 EDT

Three oil and gas companies reached deals with creditors to quickly slash hundreds of millions of dollars of debt in chapter 11 so they will be ready when energy prices recover.

Dupont Earnings: What to Watch

Mon, 24 Oct 2016 15:34:29 EDT

DuPont Co. is scheduled to announce its third-quarter results before the market opens on Tuesday; the pending mega-merger with rival Dow Chemical and its agricultural unit will be in focus.

Embraer to Pay $205 Million to Settle Bribery Allegations

Mon, 24 Oct 2016 14:23:41 EDT

Brazilian aircraft maker Embraer reached an agreement with U.S. and Brazilian authorities to settle an investigation into alleged bribes paid to foreign officials, paying $205 million in compensation, the SEC said.

Consumer Reports Yanks Honda Civic Recommendation

Mon, 24 Oct 2016 15:12:47 EDT

Consumer Reports has pulled its recommendation for the Honda Civic after owners of the popular compact car reported many reliability issues.

New York Times Acquires Two Consumer Guide Sites

Mon, 24 Oct 2016 13:22:45 EDT

New York Times Co. has acquired the consumer guide sites the Wirecutter and the Sweethome, as the company moves to firm up its digital footprint amid the continued erosion of print advertising.

Seaway Says Two Pipelines Shut Because of Oil Spill

Mon, 24 Oct 2016 12:52:45 EDT

Two major oil pipelines operated by Enterprise Products Partners that run between Oklahoma and the Gulf Coast remain shut Monday after an oil spill.

China's HNA Group to Buy 25% Stake of Hilton

Mon, 24 Oct 2016 12:46:18 EDT

Chinese conglomerate HNA plans to buy a roughly 25% stake in Hilton Worldwide from Blackstone Group for $6.5 billion, the latest move into American real estate by a Chinese firm.

Syngenta and ChemChina Miss EU Deadline for Antitrust Remedies

Mon, 24 Oct 2016 21:33:45 EDT

Syngenta and China National Chemical didn’t submit proposed remedies to resolve the EU’s potential antitrust concerns about their planned merger by Friday’s deadline, sending shares of the Swiss company lower.

Petrobras Settles With Pimco

Mon, 24 Oct 2016 10:02:39 EDT

Brazilian state oil company Petrobras agreed to settle lawsuits from Pimco and three other investors who alleged they were harmed by a corruption scheme that funneled billions of dollars from the company.

Wrangler Maker VF Corp. Cuts Guidance as Sales Slow

Mon, 24 Oct 2016 09:40:36 EDT

VF Corp.—which owns brands like Wrangler, Timberland and North Face—trimmed its guidance Monday as the apparel conglomerate continued to cope with weak demand for denim and sportswear.

Community Bank Agrees to Acquire Merchants Bancshares

Mon, 24 Oct 2016 08:57:59 EDT

Community Bank System Inc. agreed to acquire Merchants Bancshares Inc. in a deal the lenders value at roughly $304 million, which would combine two Northeast regional banks.

FBI Cyber-Risk Expert Joins Aon Insurance-Brokerage Unit

Mon, 24 Oct 2016 11:06:57 EDT

A cyber-risk expert most recently at the Federal Bureau of Investigation has joined global insurance brokerage Aon to help bolster its efforts to protect corporate clients against damage from hacking.