News Highlights: Top Company News of the Day
13 January 2018 - 9:30AM
Dow Jones News
CVS to Keep Aetna in Hartford, Conn.
CVS Health Corp. has decided to keep Aetna Inc. in Hartford,
Conn., reversing the insurer's plan announced last year to move its
corporate offices to New York City.
James Dimon: The Tax Law Means More Profit for JPMorgan
The tax-code overhaul roiled fourth-quarter results at JPMorgan
Chase & Co. and Wells Fargo & Co., but executives said
benefits from lower taxes should improve their profitability as
soon as this year as well as the broader economy.
Facebook Shares Slide As Wall Street Reacts to News Feed Overhaul
Facebook Inc.'s decision to overhaul its news feed sent the
social-media giant's stock sliding Friday. Wall Street analysts say
the share-rout is likely to continue as investors digest the
changes.
Fiat Chrysler Recalls Minivans to Fix Software Glitch
Fiat Chrysler Automobiles issued a recall for more than 162,000
late model Chrysler Pacifica minivans to fix a software flaw that
could stall out vehicles while being driven.
Visa to Card Customers: Lose the Signature
Visa, the largest U.S. card network, is ditching the signature
required for customers to make debit and credit-card purchases.
Fed Fines 5 Big Banks $35 Million for Foreclosure, Mortgage-Servicing Issues
The Federal Reserve fined five big banks $35.1 million for
issues related to financial-crisis-era mortgage servicing and
foreclosures, while also moving them out of the penalty box for
what it said was a "substantial improvement" in their
practices.
T. Boone Pickens Calls It Quits on Energy Trading
The Oklahoma oilman and investment manager is closing the
energy-focused hedge fund he has run for the last two decades after
struggles with his health and returns, saying trading no longer
intrigues him as it once did.
How Much New Investor Cash Did BlackRock Attract in 2017? $1 Billion a Day
The world's largest asset manager reached a new milestone during
2017: the equivalent of $1 billion of new client cash every
day.
Rihanna or Serena? The Endorsement Puzzle for Women's Sportswear
To market women's sportswear, industry executives have long
grappled with a perennial debate: Are celebrities or sports stars
more effective endorsers?
Supreme Court to Hear Price-Fixing Case Against Chinese Vitamin C Makers
The Supreme Court said it would hear an antitrust case involving
price fixing by Chinese vitamin C manufacturers, agreeing to decide
whether U.S. judges must defer to legal submissions made by the
Chinese government.
(END) Dow Jones Newswires
January 12, 2018 17:15 ET (22:15 GMT)
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