What's News: Business & Finance -- WSJ
14 November 2018 - 7:03PM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (November 14, 2018).
Amazon picked New York City and Northern Virginia for its two
new headquarters, taking advantage of some of the most-extensive
incentives U.S. cities and states have ever offered, totaling $5.5
billion -- more than the $5 billion the company has promised to
invest.
U.S. oil prices sank deeper into a bear market, with West Texas
Intermediate for December delivery settling 7.1% lower. Brent
crude, the global benchmark, was down 6.6%, entering a bear
market.
The Dow finished the session down 0.4%, as oil's slide scuttled
a move by stock indexes to mount a rebound. The S&P 500 lost
0.1%.
The FAA has launched a review of the safety analyses Boeing
performed, and what information it gave airlines, regarding
potential hazards associated with a new automated flight-control
system on its latest 737 models.
E-cigarette maker Juul said it is shutting its Facebook and
Instagram accounts and curbing its use of other social media in the
U.S.
Snap is facing scrutiny from regulators about its disclosures to
investors ahead of its 2017 IPO.
WeWork said SoftBank, its largest investor, has committed an
additional $3 billion to the shared-office firm, valuing it at
about $45 billion.
GE reached a deal to sell part of its stake in oil-services
company Baker Hughes.
Home Depot reported sharply higher earnings for the third
quarter.
(END) Dow Jones Newswires
November 14, 2018 02:48 ET (07:48 GMT)
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