What's News: Business & Finance -- WSJ
24 February 2018 - 7:02PM
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 (February 24, 2018).
Geely's chairman has accumulated a 9.7% stake, valued at around
$9 billion, in Germany's Daimler, the biggest Chinese investment
yet in the West's auto industry.
Huawei faces mounting pressure from the U.S., which sees it as a
cybersecurity threat, even as allies embrace the Chinese telecom
firm.
Chinese regulators seized control of Anbang and the insurer's
former chairman was charged with fraud.
General Mills is paying some $8 billion for pet-food maker Blue
Buffalo in an effort to spur U.S. growth.
Dropbox filed for what is set to be one of the biggest tech IPOs
of recent years.
The Dow and S&P 500 rallied, erasing their losses for the
week. The industrials climbed 347.51 points, or 1.4%, to
25309.99.
Citigroup plans to issue $335 million in refunds to some card
customers after failing to cut their rates.
Several firms cut ties to the NRA, bowing to pressure from
social-media users.
Royal Bank of Canada said earnings were lifted by its
capital-markets unit.
(END) Dow Jones Newswires
February 24, 2018 02:47 ET (07:47 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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